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At least a couple of these cases recently settled, and there appear to be many more yet to come.First, on December 11, 2008, Amkor Technologies announced (here) that it had reached an agreement to settle the option backdating-related securities class action lawsuit that had been filed against the company and certain of its current and former directors and officers in connection with the company’s historical stock option practices.However, Santa Clara-based Foundry had about 6 million in cash and short-term investments on the books as of May, making the actual value a little less than billion.
said first-quarter earnings climbed to .5 million, or 13 cents a share, from .3 million, or 3 cents, but cut its forecast for annual sales.
In a move that could challenge Cisco’s dominance in the network equipment market, San Jose-based Brocade Communications Systems announced Monday that it plans to buy Foundry Networks in a billion deal.
The agreement, which is expected to close in the fourth quarter of this year, would combine companies whose strengths lie in two different aspects of the network equipment business.
A jury on Friday found him not guilty on the fraud charges and couldn't come to a decision on the third charge. is plunking down billion for Foundry Networks Inc., melding two companies with a deep presence in the data center industry and posing a direct challenge to behemoth Cisco Systems Inc.
The deal announced Monday represents an attempt by San Jose-based Brocade to expand beyond data storage equipment and begin selling machines used to shuttle Internet traffic, Cisco's home turf.
NEW YORK - The federal government has filed charges against a California hedge-fund analyst and a former tech executive in its continuing crackdown on insider trading on Wall Street.