- American City Business Journals•last month
If Broadcom buys Brocade Communications, it reportedly plans to sell off the networking business that the San Jose company is best known for — including Ruckus Wireless, which it just bought earlier this year for $1.5 billion. Shares of Broadcom (AVGO), which has dual headquarters in Singapore and San Jose, dropped slightly for the second straight say. Reuters reported that Broadcom CEO Hock Tan is only interested in keeping Brocade's fibre channel and storage business, which does about $1.5 billion in annual revenue.
- Business Insider•last month
Shares of Brocade Communications spiked as much as 24% in trading on Monday after a report that...
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