Rumors Surround Cisco & Brocade
Is Cisco considering an acquisition of Brocade?
August 21, 2008
![Network Computing logo Network Computing logo](https://eu-images.contentstack.com/v3/assets/bltde8121fc52c5c8f3/blt3f3d0318f746b1c2/65a530e4187606040a1d8b8c/placeholder.png?width=1280&auto=webp&quality=95&format=jpg&disable=upscale)
Rumors on Wall Street this week have Cisco Systems Inc. (Nasdaq: CSCO) eyeing an acquisition of Brocade Communications Systems Inc. (Nasdaq: BRCD), driven by a need to prop up growth and a desire to block Brocade's $3 billion acquisition of Foundry Networks Inc. (Nasdaq: FDRY).
Some sources contacted by Light Reading seemed tepid on the theory. "I've heard buy-side rumors, people who are probably long Brocade," says one analyst, requesting anonymity.
The move would make some tactical sense. It would boost Cisco's standing in storage networking and would also keep Foundry out of Brocade's hands. Brocade is hoping its $3 billion purchase of Foundry will make it an Ethernet/storage powerhouse to rival Cisco, or at least Juniper Networks Inc. (Nasdaq: JNPR). (See Brocade Takes Aim at Cisco (& Juniper).)
Read the full story at Light Reading.
— Craig Matsumoto, West Coast Editor, Light Reading
You May Also Like
Maximizing cloud potential: Building and operating an effective Cloud Center of Excellence (CCoE)
September 10, 2024Radical Automation of ITSM
September 19, 2024Maximizing Manufacturing Efficiency with Real-Time Production Monitoring
September 25, 2024