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Tag: brocade
Brocade Ex-CEO Sentenced to 21 Months in Options Case
2017-06-19 12:07:05| eWEEK Technology News
Brocade Communications former CEO was sentenced to 21 months in prison for backdating stock-option grants in a scandal that has ensnared scores of U.S. companies and led to billions of dollars of restatements.
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Broadcom confirms takeover of Brocade for USD 5.9 bln
2016-11-02 13:06:00| Telecompaper Headlines
(Telecompaper) Broadcom has confirmed an agreement to acquire Brocade for USD 5.9 billion, expanding its position in the Fiber Channel SAN market. The company is offering USD 12.75 per share cash for Brocade and will also assume USD 0.4 billion in debt. The bid is a 47 percent premium on Brocade's share price of 28 October, the day before reports first emerged of a possible deal. The takeover is focused on acquiring Brocade's Fiber Channel business, as Broadcom plans to sell Brocade's IP Networking business.
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Broadcom swallows Brocade for $5.9bn
2016-11-02 01:00:00| Total Telecom industry news
Chip maker to divest Brocade's IP networking business, including recently-acquired Ruckus Wireless.
Tags: broadcom
swallows
brocade
Brocade in advanced talks to sell itself - report
2016-11-01 09:49:00| Telecompaper Headlines
(Telecompaper) Brocade has put itself on sale and is now in advanced acquisition talks, Bloomberg reported, citing sources familiar with the matter. The report said Broadcom was among the interested suitors and that the deal could be announced by the end of this week. Still, no deal has yet been finalized, which means talks could still fall apart. Both Brocade and Broadcom declined to comment on the reports.
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report
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talks
Brocade Is Buying Ruckus Wireless
2016-04-09 12:23:52| Wireless - Topix.net
Networking technology company Brocade has said its $1.2 billion acquisition of Ruckus Wireless will enable it to deliver a wider range of services that enterprises need in the digital transformation era. The addition of Ruckus Wireless' mobile Internet-focused systems and services will help Brocade become "a pure-play networking company that has market-leading solutions spanning from the most critical part of the data center to the wireless network edge," Brocade CEO Lloyd Carney and Ruckus Wireless president and CEO Selina Lo said in a joint blog post announcing the deal.
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wireless
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ruckus