Tuesday, October 3, 2006

QLogic Buys SilverStorm For $60M

Aliso Viejo-based QLogic said Tuesday that it has acquired SilverStorm Technologies, a firm that develops Infiniband products for the clustering and grid computing market, for $60M. SilverStorm develops fabric interconnects used by server makers to interconnect devices. QLogic is a provider of host bus adapters, switches, and other components for the storage area networking and data storage market. QLogic said that the acquisition of SilverStorm will e neutral to its non-GAAP earnings.

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