Tuesday, August 08, 2006

Brocade to buy McData | CNET News.com: "Brocade will pay three-quarters of a share of its common stock for each share of McData's A and B common stock. The deal is valued at $4.61 a share, a 62 percent premium over McData's closing price on Monday.

'The acquisition of McData will build on Brocade's vision for the next-generation data center,' Michael Klayko, Brocade chief executive, said in a statement.

Last year, Brocade unveiled its Tapestry product line, which is designed to improve customers' management of information stored in their data centers. Brocade has traditionally focused on the low-end market for storage area networks (SANs), while McData concentrated on high-end SAN switches."

wowers... i remember brocade was locked in a life and death struggle with this company....

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