Broadcom to Acquire Brocade for Fibre Channel Business

Broadcom agreed to acquire Brocade Communications Systems for $12.75 per share in an all-cash transaction valued at approximately $5.5 billion, plus $0.4 billion of net debt. Broadcom plans to keep Brocade's Fibre Channel storage area network (FC SAN) switching business and divest Brocade’s IP Networking business, consisting of wireless and campus networking, data center switching and routing, and software networking solutions. Broadcom expects...

Read More

Facebook Hits 1.09 Billion Mobile Daily Users

Facebook reported Q3 2016 revenue of $7.011 billion, up 56% from the same period last year. Highlights: Daily active users (DAUs) – DAUs were 1.18 billion on average for September 2016, an increase of 17% year-over-year. Mobile DAUs – Mobile DAUs were 1.09 billion on average for September 2016, an increase of 22% year-over-year. Monthly active users (MAUs) – MAUs were 1.79 billion as of September 30, 2016, an increase of 16% year-over-year. Mobile...

Read More

Microsoft Teams Brings New Collaboration/Communications Tools to the Mix

Microsoft unveiled a chat-based workspace in Office 365 for team collaboration. Microsoft Teams, which is available in preview in 181 countries and in 18 languages, aims to bring a new streamlined form of communications to organizations. Skype and Office apps are integrated into the experience. Data is encrypted in transit and at rest. The service is hosted out of Microsoft's global data centers. Microsoft said it aspires "to create a more open,...

Read More

Inphi to Acquire ClariPhy for Coherent DSPs

Inphi, which supplies high-speed data movement interconnects, agreed to acquire ClariPhy Communications, a provider of ultra-high-speed systems-on-chip (SoCs) for multi-terabit data, long haul and metro networking markets for $275 million in cash as well as the assumption of certain liabilities at the close. ClariPhy is one of only three merchant suppliers of coherent DSP technology. The company is based in Irvine, California. On the product front,...

Read More

Qualcomm Posts Sales of $6.2B, up 13% YoY

Qualcomm reported revenue of $6.2 billion for its fourth quarter of fiscal 2016, up 13% over the same period a year ago. Net income came in at $1.6 billion, up 51% YoY, or $1.16 per diluted share. Revenue for the full fiscal 2016 amounted to $23.6 billion. “Our fiscal fourth quarter EPS was above the high end of our expectations, reflecting new license agreements in China and strong chipset shipments,” said Steve Mollenkopf, CEO of Qualcomm Incorporated....

Read More

IBM Augments Cloud Storage with All-Flash and Software Defined Options

IBM announced new hybrid cloud all-flash storage solutions as well as new software capabilities that allow clients to store their valuable data where it makes the best business sense. The all-flash storage leverages a new high density expansion enclosure and new 7TB and 15TB flash drives, enabling IBM Storwize solutions to grow up to 8x larger than previously without disruption. Up to 32PB of flash storage can be configured in only four racks. “Data...

Read More