SAN JOSE, Calif., June 2, 2003 - Cisco Systems, Inc., today announced that it has completed the acquisition of the business of privately held The Linksys Group, Inc. of Irvine, Calif., the leading provider of home networking products. The acquisition of the business of Linksys, a developer of wireless and wired home routers and access points for the consumer and small office/home office (SOHO) markets, represents Cisco's entry into the multi-billion dollar home networking market.

With the close of this acquisition, Linksys becomes a division of Cisco Systems. Linksys will continue to be located in Irvine, Calif. and its products will be sold under the Linksys brand through its existing retail, distributor and e-commerce channels. In addition, Linksys will have access to Cisco's sales infrastructure to address international markets and the service provider channel.