Brocade Posts Uninspiring 2Q Results; Merger With Broadcom Receives a Nod From European Commission
Brocade’s second-quarter fiscal 2017 results were expectedly soft, given secular decline in its core SAN storage portfolio and overall customer hesitation due to the pending merger with Broadcom. On March 12, Extreme Networks and Broadcom jointly announced that Extreme will acquire Brocade’s data center switching and routing portfolio (VDX, MLX, and SLX switching lines), including certain software networking and analytic products for $55 million in cash. On May 12, the European Commission grante...
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