Network components manufacturer Emulex Corp. today said its board of directors will review a new takeover bid by Broadcom Corp., which raised its offer from $9.25 per share to $11. That would make the deal worth about $925 million.
Broadcom wants Emulex shareholders to voice their views on Broadcom's US$764 million unsolicited offer to buy Emulex after failing repeatedly to negotiate a deal between the two companies' boards.
Emulex has taken its efforts to avoid a hostile takeover by Broadcom to court, suing the company for unfair business practices and citing the drug-trafficking and securities-fraud indictment of Broadcom's former top executive as proof to its shareholders that Broadcom officials can't be trusted.
Broadcom this week announced new chips designed to create a low-cost 802.11n wireless LAN edge for the enterprise, without the need for separate WLAN controllers.
Where Google Chrome security fails: the password I heard mention that the Chrome OS will have some sort of encryption available a la bitlocker. If it's possible to encrypt personal data using another password or key, then it may have potential for very secure data.... And Ubuntu has an 'encrypt home directory' option, perhaps google should follow suit.
- Dann
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