Broadcom bids $130 billion to acquire Qualcomm

In what could become the largest tech merger to date, Broadcom announced a proposal to acquire all of the outstanding shares of Qualcomm for $70.00 per share in cash and stock, making the offer worth $130 billion in total, a 28% premium over the closing price of Qualcomm common stock on November 2, 2017 Broadcom cites the following benefits of a merged company: Creates a Leading Diversified Communications Semiconductor Company: Qualcomm's cellular...

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AWS launches its next-gen compute optimized instances

Amazon Web Services announced the availability of C5 instances, its next generation of compute-optimized instances for Amazon Elastic Compute Cloud (Amazon EC2). The C5 instances feature 3.0 GHz Intel Xeon Scalable processors (Skylake-SP) up to 72 vCPUs, and 144 GiB of memory—twice the vCPUs and memory of previous generation C4 instances. The new C5s are aimed at compute-heavy applications like batch processing, distributed analytics, high-performance...

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Intel partners with AMD on Embedded Multi-Die Interconnect Bridge for GPUs

Intel announced a partnership with AMD to tie together its high-performance processors with discrete graphics processors using the Intel Embedded Multi-Die Interconnect Bridge (EMIB) technology along with a new power-sharing framework. The goal is to reduce the usual silicon footprint to less than half that of standard discrete components on a motherboard. The first implementation matches the new 8th Gen Intel Core Core H-series processor, second...

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Seaborn and IOX Cable plot subsea route between U.S. and India via South Atlantic

Seaborn Networks and IOX Cable Ltd unveiled plans for the first next-generation subsea fiber optic route between the U.S and India that will interconnect in South Africa and Brazil. This unique route via the South Atlantic and Indian Oceans will connect the U.S. with three BRICS countries and Mauritius, providing fewer hops through fewer countries than existing alternative routes. Seaborn recently activated its Seabras-1 direct subsea system...

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Stonepeak to acquire majority stake in euNetworks

Stonepeak Infrastructure Partners, a private equity firm based in New York, will acquire a majority interest in euNetworks. Existing euNetworks investors, including Columbia Capital and Greenspring Associates, will continue to hold a material interest in the company. The purchase price was not disclosed. Under the deal, Stonepeak will also provide euNetworks with up to $500 million of committed growth capital for both organic and inorganic development. Brady...

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Mellanox intros Innova-2 FPGA-based adapter

Mellanox Technologies introduced its Innova-2 product family of FPGA-based smart network adapters for range of applications including security, cloud, Big Data, deep learning, NFV and high-performance computing. The Innova-2 adapters will be offered in multiple configurations, either open for customers’ specific applications or pre-programmed for security applications with encryption acceleration such as IPsec, TLS/SSL and more. The Innova-2 family...

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Zayo posts $643.5 million of consolidated revenue, up 3% annually

Zayo reported $643.5 million of consolidated revenue for the first quarter of its fiscal 2018, including $515.8 million from the Communications Infrastructure segments and $127.7 million from the Allstream segment. Net income amounted to $23.2 million, including $11.5 million from the Communications Infrastructure segments and $11.7 million from the Allstream segment. Some highlights: As of September 30, 2017, the Company had $291.2 million of...

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Symantec acquires SurfEasy for personal VPN

Symantec has acquired SurfEasy, a leading Virtual Private Network (VPN) provider, from Opera Software, its parent company. Financial terms were not disclosed. SurfEasy's personal VPN ensures online privacy and security on smartphones, tablets and computers. SurfEasy has been an existing OEM technology provider to Symantec, powering Symantec’s Norton WiFi Privacy product with VPN technology. SurfEasy will become part of Symantec’s Consumer Business...

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NeoPhotonics' Q3 revenue drops to $71 million

NeoPhotonics reported Q3 revenue of $71.1 million, in comparison to $73.2 million in the prior quarter, and down from $103.3 million in the same period last year. Gross margin was 14.8%, compared to 22.9% in the prior quarter. There was a net loss of$18.2 million, compared to a net loss of $9.3 million in the prior quarter. We are focused on growth initiatives in telecom, data center and cloud markets, as well as operational execution to lower our...

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