SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Advanced Digital Information Corp. (ADIC)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Jim Oravetz who wrote (1918)5/9/2000 7:41:00 AM
From: Jim Oravetz  Read Replies (1) of 2283
 
QLogic to acquire Fibre Channel specialist for $1.8 billion
May 8, 2000 URL: www.eetimes.com/story/OEG20000508S0070

ALISO VIEJO, Calif. ( ChipWire) -- In a rare case of a semiconductor supplier acquiring a system OEM that serves a similar vertical market, QLogic Inc. here has made a $1.8 billion stock offer for Ancor Communications Inc., a Fibre Channel switching system specialist in Eden Prairie, Minn. Ancor began life as a storage-controller card company, but expanded into box-level Fibre Channel switches in the mid-1990s, and competed with the likes of Brocade Communications Inc. and Gadzoox Inc. while restricting its offerings to OEM sales. Intel Corp. became a minority investor in Ancor in late 1999 to help drive the design of new storage-switching architectures.

Both Ancor and QLogic have concentrated in recent months on storage-area network (SAN) markets, where distributed storage is expected to utilize the intelligent mesh-based switching of high-speed channels such as Fibre Channel. Though long anticipated as the next billion-dollar campus to metropolitan market, SAN growth has continued to lag the expansion of general metropolitan-area and wide-area networks, which have restrained the gains of virtually all companies competing in the distributed storage market.

Jim
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News