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Slide #6. QLogic — Certain Ethernet Controller-Related Assets from Broadcom
Certain Ethernet Controller-Related Assets from Broadcom
QLogic Corporation (NASDAQ:QLGC), a leading supplier of high performance network infrastructure solutions, today announced it has completed the acquisition of the 10/40/100Gb Ethernet controller-related assets from Broadcom, pursuant to the definitive agreement that was previously announced on February 18, 2014. Under the terms of the agreement, QLogic paid approximately $147 million. In addition, QLogic entered into a license agreement that will cover its Fibre Channel products and made a one-time payment of $62 million.
QLogic designs and supplies server and storage networking connectivity products that provide, improve and manage computer data communication. These products facilitate the transfer of data and enable resource sharing between servers, networks and storage. Co.'s products are used in enterprise, managed service provider, consumer web, and cloud service provider data centers. Co.'s products are based on Fibre Channel and Ethernet technologies and are used in connection with storage networks, local area networks, and converged networks. Co.'s converged products can support storage networking and data networking capability covering a range of protocols either individually or in combination.
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Hold (2.00 out of 4)
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