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  1. #1
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    [EN] Brocade à venda



    Alex Sherman and Ian King
    October 31, 2016

    Brocade Communications Systems Inc. is in advanced talks to sell itself, according to people familiar with the matter.

    The network-equipment maker is nearing the final stages of a sale process, said the people, who asked not to be named because the discussions are private. Chipmaker Broadcom Ltd. is one of the interested potential buyers, the people said. No deal has been reached and talks may still fall apart, they said.

    An acquisition of Brocade could be announced as soon as this week, said the people. Brocade shares were down about 5 percent this year through Friday, giving it a market valuation of about $3.5 billion. The company has about $1.2 billion in cash and $1.5 billion in debt.

    Brocade stock rose as much as 25 percent to $10.88 after being temporarily halted on Monday. Broadcom was little changed. A representative for Broadcom declined to comment. Representatives for Brocade didn’t immediately respond to requests for comment.

    Owning Brocade’s networking gear might be attractive for component makers such as Broadcom, which makes the chips that power switches. An acquisition would help a buyer play a greater role in the build-out of data centers needed to meet increasing demand for cloud computing.

    Broadcom Chief Executive Officer Hock Tan, who’s built a $67 billion chipmaker through a string of acquisitions, has said he is in the market for more purchases. He already has chips that power network switches and control storage devices, markets that provide Brocade with most of its income.

    San Jose, California-based Brocade has struggled to find growth in networking, where it is dwarfed by Cisco Systems Inc. Customers are turning away from proprietary hardware and software combinations that Cisco specializes in, opting instead for open-source software and cheaper hardware built on the kind of chips that Broadcom makes.

    Last year, Brocade sales rose 2 percent to $2.3 billion. That’s less than Cisco gets from its switch business in one quarter.

    https://www.bloomberg.com/news/artic...to-sell-itself
    Última edição por 5ms; 31-10-2016 às 19:30.

  2. #2
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    Broadcom to buy Brocade for $5.9B, plans to divest part of business

    Cromwell Schubarth
    Nov 2, 2016


    Broadcom Ltd. has agreed to pay $5.9 billion to buy Brocade Communications, a price that's 47 percent above where shares of the networking business closed on Friday before word leaked of M&A talks.

    As reported on Tuesday, Broadcom doesn't want Brocade's IP networking business and plans to sell it off.

    Broadcom, which has dual headquarters in San Jose and Singapore, plans to pay $12.75 a share for San Jose-based Brocade and assume about $400 million in debt. Brocade stock rose about 9 percent to $12.23 when trading began on Wednesday. Broadcom opened trading up about 2 percent to $172.91.

    The deal is expected to close in the second half of Broadcom's fiscal year which began on Monday and add about $900 million in earnings before interest, taxes, depreciation and amortization in fiscal year 2018.

    http://www.bizjournals.com/sanjose/n...esnt-want.html

  3. #3
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    Chip Maker Broadcom to Buy Brocade for $5.5 Billion

    CEO says deal would help the company ‘address the evolving needs’ of its customers, such as Apple


    By Joshua Jamerson
    Nov. 2, 2016

    Chip maker Broadcom Ltd. said on Wednesday that it agreed to buy network-equipment firm Brocade Communications Systems Inc. for $5.5 billion, expanding its storage networking offerings amid slowing smartphone sales world-wide.

    Under the deal’s terms, Broadcom will pay $12.75 a share for Brocade, a 47% premium to where Brocade shares closed on Friday, before news outlets reported on talks of a deal.

    Shares of Brocade rose 8.3% to $12.16 in premarket trading as Broadcom’s stock was unchanged from $168.80 as of Tuesday’s close.

    Broadcom chips perform tasks such as filtering signal interference common in phones that operate on several spectrum bands.

    Hock Tan, Broadcom’s chief executive, said the tie-up would help the company “address the evolving needs” of its customers, such as Apple Inc., which uses Broadcom’s chips in the iPhone. In its September quarter, Apple said it sold 45.5 million iPhones, 2.5 million fewer than a year earlier.

    Broadcom said it plans to divest Brocade’s IP networking business, including Ruckus Wireless, which Brocade agreed to buy in April for $1.2 billion.

    The deal with Brocade, subject to regulatory approval, is seen as closing in the second half of Broadcom’s current year, which began on Oct 31.

    Broadcom was formed in February with the completion of a $37 billion deal that joined Avago Technologies Ltd. with Broadcom Corp., at the time the biggest chip deal ever.

    http://www.wsj.com/articles/chip-mak...ion-1478089036

  4. #4
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    Broadcom abandons $400 million plan to revive Hynix chip factory in Eugene


    Hynix spent $1.5 billion to build the 1.2-million-square-foot factory, which opened in 1998. It had 1,400 employees and contractors when it shut down in 2008.


    Mike Rogoway
    November 02, 2016


    Chipmaker Broadcom won't reopen the former Hynix computer chip factory in Eugene after all, abandoning plans for a $400 million retrofit that would have brought at least 229 new jobs to the facility, plus 700 short-term construction jobs.

    "Broadcom has decided to sell an unused (manufacturing) site in Eugene, Ore., that it no longer plans to deploy in its wireless semiconductor business," Broadcom spokeswoman JP Clark said in a statement to The Register-Guard newspaper, which first reported the news. Broadcom did not immediately respond to a request for additional comment.

    Broadcom, which makes communications chips, did not indicate why its plans have changed. On Wednesday, though, it announced it will pay $5.5 billion to buy Brocade Communications Systems, a networking chip company.

    At the same time, the market for communications chips is slowing as the smartphone market matures.

    Broadcom's reversal represents a major economic setback for Eugene and Lane County, where Hynix had once been a major employer. Broadcom's decision last year to buy and revive the plant had been a surprising piece of good news for the region.

    Hynix spent $1.5 billion to build the 1.2-million-square-foot factory, which opened in 1998. It had 1,400 employees and contractors when it shut down in 2008.

    The 100-acre property sat fallow for seven years before chipmaker Avago paid $21 million for it last year. Avago changed its name after acquiring Broadcom.

    Broadcom won $21 million in local property tax exemptions to help finance the overhaul of the 18-year-old facility, promising to pay its workers 150 percent of the average local wage – nearly $60,000 a year. Those tax incentives don't have any value if the project doesn't go ahead, since there will be no new equipment or facilities to apply them to.

    The incentives might help attract another manufacturer, though options for rehabilitating the aging facility decline every year it sits fallow. Given that it sat empty for seven years before Broadcom took an interest, it's not obvious why another buyer would suddenly have interest now.

    "We were looking forward to well*paying jobs for a lot of people," Eugene Mayor Kitty Piercy told The Register-Guard on Tuesday, lamenting Broadcom's decision. "That's very discouraging, and I look forward to finding out why it occurred."

    http://www.oregonlive.com/silicon-fo...0_million.html

  5. #5
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    Hynix spent $1.5 billion to build the 1.2-million-square-foot factory, which opened in 1998. It had 1,400 employees and contractors when it shut down in 2008.

    The 100-acre property sat fallow for seven years before chipmaker Avago paid $21 million for it last year. Avago changed its name after acquiring Broadcom.

    Broadcom won $21 million in local property tax exemptions to help finance the overhaul of the 18-year-old facility, promising to pay its workers 150 percent of the average local wage – nearly $60,000 a year. Those tax incentives don't have any value if the project doesn't go ahead, since there will be no new equipment or facilities to apply them to.

    The incentives might help attract another manufacturer, though options for rehabilitating the aging facility decline every year it sits fallow. Given that it sat empty for seven years before Broadcom took an interest, it's not obvious why another buyer would suddenly have interest now.
    Imóvel caindo aos pedaços e grátis? OvH breve no Oregon

    Falando sério, nada como torrar US$ 1,5 bilhão numa fábrica e vender o imóvel 10 anos depois por US$ 21 milhões, quantia "socializada" pelos moradores.

    Usei memória da Hynix, não lembro se foi em servidores IBM ou DELL, e era dispendiosa.

  6. #6
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    What will happen to the leftover Ethernet business?

    Broadcom sells silicon chips to networking vendors and doesn't want to compete with its customers by also selling Brocade’s networking hardware.

    Brocade is in somewhat of a tough position going up against Cisco and Hewlett Packard Enterprise.

    Brandon Butler
    Nov 2, 2016

    News of Broadcom buying Brocade for an estimated $5.5 billion comes with some caveats: Most notably, chipmaker Broadcom isn’t planning to keep Brocade’s Ethernet business. So what will happen to it?

    When announcing the deal, Broadcom made its plans to sell Brocade’s IP networking business clear. “Broadcom, with the support of Brocade, plans to divest Brocade’s IP Networking business, consisting of wireless and campus networking, data center switching and routing, and software networking solutions,” the press release states.

    Broadcom sells silicon chips to networking vendors and doesn't want to compete with its customers by also selling Brocade’s networking hardware. Broadcom is buying Brocade primarily for its storage area network business, which it will integrate with its chips.

    Broadcom CFO Thomas Krause told the Wall Street Journal: “We are confident that there will be a fair amount of interest” in flipping the rest of Brocade’s business. Analysts say customers of Brocade’s relatively healthy Ethernet business should not panic; there are a whole host of suitors for the networking business.

    “I’m a little surprised Broadcom didn’t want these assets,” says Zeus Kerravala of ZK Research and a Network World blogger, noting that Cisco integrates silicon, hardware and software. “It’s a good set of products, it’s an extremely well run organization and it’s very profitable,” Kerravala says of Brocade’s Ethernet unit.

    Share in the core networking business is a fickle thing, he adds: It’s difficult to grow organically by adding new customers, but it’s a ‘sticky’ business and hard to lose customers too. That makes vendors like Brocade attractive for suitors looking to expand their share.

    Brocade also recently bought wireless networking provider Ruckus, which Kerravala says made the assets even more attractive. Long-time Brocade customers have been through this volatility before; Brocade got into the networking business by purchasing Foundry in 2008.

    Potential buyers

    So who would buy these Brocade assets? It’s unclear at this point because no companies have made outright statements expressing interest, leaving analysts to mostly speculate.

    Forrester networking analysts Andre Kindness believes the most likely outcome will be a private equity firm purchasing the assets. That would not be a bad thing for customers, he notes as typically these firms narrow the focus of the business and drive profitability.

    Kerravala believes there could be a broader market though. Brocade is in somewhat of a tough position going up against Cisco and Hewlett Packard Enterprise, the market share leaders for data center networking equipment. There’s a whole host of other vendors competing for the remaining market share, including Extreme Networks, Alcatel Lucent (now owned by Nokia), Avaya (which is selling its networking business), Juniper, Mytel and others. Kerravala says there’s room for consolidation among these vendors.

    Muddying the market somewhat is the potential sale of Avaya’s networking business by private equity firm Silver Lake. There could be an opportunity to combine these businesses, Kerravala notes.

    Kindness also worries about the overall market for networking equipment. Data center networking sales haven’t been growing in recent quarters as more and more workloads move to hyperscale cloud data centers, he says. It’s imperative for networking vendors to find a differentiator. Brocade has pinned those hopes on integrating its equipment with the open source Open Daylight controller, and attempting to take advantage of the huge increase in network traffic thanks to the Internet of Things.

    Kerravala is slightly more optimistic. “The commoditization of the network is overplayed,” he explains. “There are certainly changing trends in business between the cloud and mobility, but it’s still all reliant on networking. Networking vendors need to be able to add value to these new computing models.” Broadcom will be looking for a suitor wiling to do that with Brocade’s products.

    http://www.networkworld.com/article/...-business.html

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