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A mere $500 million buys Linksys. Pretty cheap given the brand name.
A mere $500 million buys Linksys. Pretty cheap given the brand name.
Quote
Cisco will issue common stock worth about $500 million to acquire Linksys, and it expects the deal to close in the fourth quarter of its fiscal year 2003, which ends in July. Cisco also expects charges for the acquisition to subtract no more than 1 cent per share from its fiscal 2004 profit. After charges, the company said it would add about 1 cent to 2004 earnings per share.