Top News

QLogic Completes Ethernet Asset Buy From Broadcom, Chops Staff

Aliso Viejo-based network hardware developer QLogic said late Thursday that it has completed its acquisition of the 10/40/100Gb Ethernet controller assets from Broadcom, as well as cut staff as part of a restructuring effort related to the move. QLogic did not say how many employees were affected by the cuts, which it says is part of a restrcutring plan to consolidate its product roadmap. QLogic said it is consolidating its engineering activities in the move. The company is taking a charge of between $13M and $16M in the restructuring. QLogic said that it paid apparoximately $147M for the assets form Broadcom, plus licensed Fibre Channel technology from Broadcom in a separate, $62M payment. The acquisition deal had been announced in February.


 

Marketplace


 

 

Latest Headlines

Browse Issues

 
 

Keep up with all of the latest Southern California high tech news via email (it's free!)



or Cancel