Brocade gets loan to fund Foundry buyout
Brocade Communications Systems on Tuesday secured a $1.1 billion loan to fund its acquisition of Foundry Networks despite a tightening of credit markets amid the Wall Street meltdown.
Brocade gearing up to fight 'Cisco fatigue'
With its acquisition of Ethernet vendor Foundry Networks expected to close by year's end, Brocade is painting itself as the alternative to Cisco that IT administrators have been looking for.
Storage boom drives strong Brocade results
Brocade Communications Systems rode a boom in networked storage to double-digit revenue growth and earnings that beat analysts' expectations in its fiscal third quarter.
Brocade deal to help drive data-center transition
Brocade Communications Systems' planned US$3 billion acquisition of Foundry Networks is a major strategic move in a brewing war over the future of data-center connectivity, industry analysts said Tuesday.
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