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Primeur weekly 2011-09-19

Exascale supercomputing

New IBM Blue Gene/Q supercomputer for Rensselaer ...

Fujitsu Laboratories develops compact silicon photonics light source for high-bandwidth CPU interconnects ...

The future accelerated: multi-core goes mainstream, computing pushed to extremes ...

The Cloud

Cordys selected by Fujitsu as strategic platform to offer Cloud services globally ...

EMC's new Center of Excellence and Cloud Data Center powers company's Cloud computing vision ...

Two new publications provide a Cloud computing standards roadmap and reference architecture ...

Hitachi Data Systems announces acquisition of BlueArc ...

HP unveils expanded Enterprise Security Solutions for the instant-on enterprise ...

Desktop Grids

TheSkyNet launched ...

IBM and University of Antioquia co-operate to seek drug for Leishmaniasis treatment ...

EuroFlash

Barcelona Supercomouting Center triples its calculation capacity ...

ADVA Optical Networking introduces industry's first 100G Metro solution ...

Registration open for the e-IRG open workshop in Poznań 12-13 October 2011 ...

Cracow Grid Workshop 2011 to issue Call for Papers ...

USFlash

Appro to deliver 800TFLOPs supercomputer to Japan's University of Tsukuba ...

NEC bundles TotalView as standard debugger for LX series HPC cluster solutions ...

WellPoint and IBM announce agreement to put Watson to work in health care ...

UC San Diego's HPWREN aids in recent supernova discovery ...

How the Milky Way got its spiral ...

Oracle sets new world-record result on SAP Sales and Distribution-Parallel standard application benchmark ...

$13-million NSF centre to explore new ways to manipulate light at the nanoscale ...

Oracle Utilities Customer Care and Billing with Oracle Exadata Database Machine demonstrates extreme performance for utility bill processing ...

Ferro-electrics could pave way for ultra-low power computing ...

Oracle introduces Pillar Axiom Release 5 Storage System Software ...

Broadcom to acquire NetLogic Microsystems Inc., an expert in network communications processors ...

SDSC and SDSU receive NSF grant to expand computer science curriculum ...

Intel announces new SATA solid-state drive for the data centre ...

SDSC researcher co-authors new book on managing event data ...

Syncfusion Sponsoring High Performance Computing for Wall Street Conference ...

Oracle releases Oracle Solaris 10 8/11 ...

Broadcom to acquire NetLogic Microsystems Inc., an expert in network communications processors

12 Sep 2011 Irvine - Broadcom Corporation, a global innovation expert in semiconductor solutions for wired and wireless communications, and NetLogic Microsystems Inc., specialized in high performance intelligent semiconductor solutions for next generation networks, have entered into a definitive merger agreement. Under the agreement, NetLogic Microsystems shareholders will receive $50 per share in a transaction of approximately $3.7 billion, net of cash assumed.

The acquisition meaningfully extends Broadcom's infrastructure portfolio with a number of critical new product lines and technologies, including knowledge-based processors, multi-core embedded processors, and digital front-end processors, each of which offers industry-leading performance and capabilities. The combination enables Broadcom to deliver best-in-class, seamlessly-integrated network infrastructure platforms to its customers, reducing both their time-to-market and their development costs.

The transaction has been approved by the Broadcom and NetLogic Microsystems boards of directors and is subject to customary closing conditions, including the receipt of domestic and foreign regulatory clearances and the approval of NetLogic Microsystems' stockholders. The transaction is expected to close in the first half of 2012. Broadcom currently expects the acquisition to be accretive to earnings per share by approximately $0.10 on a non-GAAP basis in 2012.

"This transaction delivers on all fronts for Broadcom's shareholders - strategic fit, leading-edge technology and significant financial upside", stated Scott McGregor, Broadcom's President and CEO. "With NetLogic Microsystems, Broadcom is acquiring a leading multi-core embedded processor solution, market leading knowledge-based processors, and unique digital front-end technology for wireless base stations that are key enablers for the next generation infrastructure build-out. Broadcom is now better positioned to meet growing customer demand for integrated, end-to-end communications and processing platforms for network infrastructure."

Mr. McGregor added: "Today's transaction is consistent with Broadcom's strategic portfolio review process and with our focus on value creation through disciplined capital allocation while delivering best-in-class platforms for customers in the fastest growing segments of the communications industry."

"This is a strong win for customers, for shareholders and for NetLogic Microsystems employees", stated Ron Jankov, NetLogic Microsystems President and CEO. "Our industry-leading product portfolio will benefit from access to Broadcom's broad set of leading-edge technologies, tools, resources and eco-system, which will enable the combined company to offer a complete and integrated platform for our customers' next generation designs. Our employees will benefit from the strong cultural alignment with Broadcom, and from joining forces with an equally aggressive and energetic organization with the same relentless focus on engineering excellence and innovation."

Broadcom also reiterated its business outlook for the third quarter of 2011. Broadcom expects revenue around the middle of the previously-guided range of $1.9 billion and $2.0 billion, GAAP product gross margins of flat to up slightly and GAAP research & development and selling, general and administrative expenses of flat to down $10 million in the third quarter of 2011. By the end of the third quarter, Broadcom also expects to have approximately $4.2 billion in cash and cash equivalents on hand, up from approximately $3.8 billion at the end of the second quarter.
Source: Broadcom

Back to Table of contents

Primeur weekly 2011-09-19

Exascale supercomputing

New IBM Blue Gene/Q supercomputer for Rensselaer ...

Fujitsu Laboratories develops compact silicon photonics light source for high-bandwidth CPU interconnects ...

The future accelerated: multi-core goes mainstream, computing pushed to extremes ...

The Cloud

Cordys selected by Fujitsu as strategic platform to offer Cloud services globally ...

EMC's new Center of Excellence and Cloud Data Center powers company's Cloud computing vision ...

Two new publications provide a Cloud computing standards roadmap and reference architecture ...

Hitachi Data Systems announces acquisition of BlueArc ...

HP unveils expanded Enterprise Security Solutions for the instant-on enterprise ...

Desktop Grids

TheSkyNet launched ...

IBM and University of Antioquia co-operate to seek drug for Leishmaniasis treatment ...

EuroFlash

Barcelona Supercomouting Center triples its calculation capacity ...

ADVA Optical Networking introduces industry's first 100G Metro solution ...

Registration open for the e-IRG open workshop in Poznań 12-13 October 2011 ...

Cracow Grid Workshop 2011 to issue Call for Papers ...

USFlash

Appro to deliver 800TFLOPs supercomputer to Japan's University of Tsukuba ...

NEC bundles TotalView as standard debugger for LX series HPC cluster solutions ...

WellPoint and IBM announce agreement to put Watson to work in health care ...

UC San Diego's HPWREN aids in recent supernova discovery ...

How the Milky Way got its spiral ...

Oracle sets new world-record result on SAP Sales and Distribution-Parallel standard application benchmark ...

$13-million NSF centre to explore new ways to manipulate light at the nanoscale ...

Oracle Utilities Customer Care and Billing with Oracle Exadata Database Machine demonstrates extreme performance for utility bill processing ...

Ferro-electrics could pave way for ultra-low power computing ...

Oracle introduces Pillar Axiom Release 5 Storage System Software ...

Broadcom to acquire NetLogic Microsystems Inc., an expert in network communications processors ...

SDSC and SDSU receive NSF grant to expand computer science curriculum ...

Intel announces new SATA solid-state drive for the data centre ...

SDSC researcher co-authors new book on managing event data ...

Syncfusion Sponsoring High Performance Computing for Wall Street Conference ...

Oracle releases Oracle Solaris 10 8/11 ...