Cisco (CSCO) is looking for a buyer for its Linksys unit, Bloomberg reports. Sources think the...

|About: Cisco Systems, Inc. (CSCO)|By:, SA News Editor

Cisco (CSCO) is looking for a buyer for its Linksys unit, Bloomberg reports. Sources think the low-margin business, which sells home Wi-Fi routers/adapters and Ethernet switches, could draw interest from TV makers, but expect it to sell for much less than the $500M Cisco paid for Linksys back in '03. The news comes as Cisco tries to increase its reliance on high-margin software/services sales. NetGear (NTGR) could benefit from any turmoil/uncertainty caused by sale efforts.