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JAN 28, 2013 11:58am ET

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Cisco Reaffirms Networking Status

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In a move that reinforces its repositioning away from low-margin, low-influence networking and IT markets, Cisco (NASDAQ: CSCO) has just announced the pending sale of its Home Networking Business Unit (mostly Linksys) to Belkin, a private company based in Playa Vista, Calif.

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