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Data storage equipment maker Brocade Communications Systems Inc up for Sale
By Mike Martinez for CEOWORLD Magazine Updated:October 5, 2009
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U.S. data storage equipment maker Brocade Communications Systems Inc (BRCD.O) has put itself on the selling block, the Wall Street Journal said on Monday, citing people familiar with the matter.
The paper said Oracle Corp (ORCL.O) and Hewlett-Packard Co (HPQ.N) were potential bidders for the company but a deal was not imminent and Brocade might not even go ahead with a sale.
Brocade has a market capitalization of about $3.2 billion, the Journal notes, and last year had revenue of almost $1.5 billion.
In September, Dell (DELL) announced a $3.9 billion deal to buy Perot Systems (PER), while Xerox (XRX) agreed to buy Affiliated Computer Services (ACS Quote) for about $6.4 billion.
Cisco(CSCO Quote) agreed to buy Tandberg of Norway, a maker of videoconferencing equipment, for $3 billion.
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