Cisco to wire homes with networking technology

Wednesday July 26 by Claudia bourneCNET
Cisco Systems, best known for its networking equipment for businesses and service providers, is ready to take on the home market. The company announced today that it is teaming with a Southern California land developer and a small service provider to wire 13,000 new homes in Los Angeles with networking technology. As reported earlier, today's deal is part of Cisco's strategy for the emerging market for home networking, where dozens of companies, including 3Com, Intel, Motorola and start-ups such as 2Wire, are fighting for a piece of the action. At stake is a market that is expected to grow from revenues of $600 million in 2000 to more than $5.7 billion by 2004, according to research firm Cahners In-Stat Group.

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