Tuesday, August 08, 2006

UPDATE 2-Brocade to buy McData for $713 million | Reuters.com

"Brocade Communications Systems Inc. (BRCD.O: Quote, Profile, Research) said on Tuesday it would buy rival McData Corp. (MCDT.O: Quote, Profile, Research) in a $713 million stock deal, bolstering its line of equipment for data storage networks to compete against Cisco Systems Inc. (CSCO.O: Quote, Profile, Research).Both companies sell equipment that boosts the efficiency of corporate communications networks used for data storage, with Brocade best known for mid-range products known as data switches, while McData's market share is strongest in directors, which are high-end versions of data switches. "

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