Welcome Guest Login | Register | Site Map | | Make TelecomTiger my homepage     
Telecom News
Enterprise |  Policy & Regulation |  Mobiles & Tabs |  Corporate |  VAS |  People Movement  |  Technology  |  LTE
Corporate
Intel agrees to acqiure InfiniBand assets for $125m-Report
TT Correspondent |  |  25 Jan 2012

Chipmaker Intel Corp said it has agreed to buy networking products maker QLogic Corp's InfiniBand assets for $125 million in cash to strengthen its networking and high-performance computing capabilities. 

According to a Times of India repo, the deal is expected to close within the current quarter. 

"This acquisition is designed to enhance Intel's networking portfolio and provide scalable high-performance computing fabric technology," Intel said in a statement. 

Intel said it expects a significant number of InfiniBand employees to join it. 

QLogic said it expects the deal's impact on earnings per share to be neutral.

    
 mail this article    print this article    Show and Post comment
25 Jan 2012(IST)  
Whitepaper
Maintain Business Continuity with Cisco ASR 9000 nV Technology
It is a virtual chassis solution where a pair of ASR 9000 routers acts as a single device by maintaining a single contr...read more
Simplify Your Network with Cisco ASR 9000 nV Technology
With the new Cisco Network Virtualization (nV) technology in the Cisco ASR 9000 Series Aggregation Services Routers, se...read more
Cisco Small Cell Solution: Reduce Costs, Improve Coverage
It is designed to address the challenge of mobile service coverage and to expand network capacity...read more
Other Stories of the Day