Foundry Networks adjourns shareholder vote on Brocade merger until Wednesday, after failing to get enough investors to sign off on the deal on the first attempt.
Networking company revises its offer price for the switching and routing provider to $2.6 billion. And Wall Street appears encouraged that the deal is alive.
Brocade makes bid to be a leading enterprise storage and networking provider.
Company's acquisition of Foundry gives it a chance to unify storage and communication networks and fight a much bigger fight beyond the storage back-end alone.
Company makes history by paying one of the biggest settlements ever to end a stock option backdating lawsuit.
Three former Brocade executives were charged Thursday in U.S. District Court in San Francisco with illegally backdating stock options for company employees. Accused are the former CEO, former CFO and former vice president of human resources. SEC Chairman Christopher Cox explains the legal action.
blog "Developments" in ongoing probe of stock option backdating to be announced at afternoon press conference.
So much for business slowing down in the summer. Brocade, McAfee, and others are forking over cash in an effort to scale up.
A survey by Glassdoor suggests a perhaps surprising name that allegedly pays its software engineers most. Still, Google's engineers are paid more than Apple's.
With the announcement of the Victoria enterprise storage platform, Hitachi VP and CTO Hu Yoshida wins a longstanding storage industry debate.