The chip maker Broadcom said on Wednesday that it had agreed to acquire Brocade Communications Systems, a maker of routers, switches and other computer networking equipment, for $5.5 billion in cash. It is the latest deal in the rapidly consolidating semiconductor...
Broadcom, Ltd bought Brocade Communications Systems today for $5.9 billion, giving the company a strong offering in networking storage business. It’s quite a nice deal for Brocade shareholders, who gain a 47 percent premium over the $8.69 closing price last Friday...
Broadcom Ltd. agreed to buy Brocade Communications Systems Inc. for $5.5 billion, expanding beyond its main business in chips to add boxes that help connect storage systems to computers in data centers. Broadcom, one of Silicon Valley’s most aggressive acquirers, said...
Just a short time ago, networking equipment provider Brocade Communications Systems Inc. was in trouble. Brocade was struggling to define itself at a time when competitors like Cisco Systems Inc. and Juniper Networks Inc. were ascendent, and Brocade’s stock...
Brocade first appointed Lloyd Carney as its new CEO in January this year after his previous employer, Xsigo, was bought by Oracle. In the five years since the fibre channel SAN heavyweight first crashed into the world of networking with its acquisition of Foundry...
SAN JOSE — Storage networking company Brocade, which has been the subject of buyout speculation in recent years, announced the hiring Monday of new CEO Lloyd Carney, who ran upstart competitor Xsigo before it was bought by Oracle(ORCL) last year. Carney, 50, will...
