In the end, Broadcom will pay $4.9 million for Gadzoox, which doesn't include the value of certain inventory, cash, and receivables. Carl Berg, CEO of real estate developer Mission West Properties, will acquire Gadzoox's legacy product line inventory, according to Nelsen.
So what's Broadcom going to do with Zoox? Industry analysts speculate that it will try to reengineer Gadzoox's Fibre Channel technology into special-purpose chips for server and storage systems vendors to embed into their products.
But Broadcom's entry into the storage silicon market "will require significant investment in firmware and drivers to move beyond switches," said Robert Montague, an analyst with RBC Capital Markets, who first identified Broadcom as a bidder for Gadzoox in a research note last month.
Broadcom will also face formidable incumbent suppliers, including QLogic Corp. (Nasdaq: QLGC) and Emulex Corp.
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