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Oracle News Desk Brocade Claims It’s Not For Sale
Brocade CEO Michael Klayko said Monday that the company’s not being shopped, labeling a widely quoted story some weeks back
By: Maureen O'Gara
Nov. 27, 2009 01:45 PM
Mergers and Acquisitions on Ulitzer Brocade CEO Michael Klayko said Monday that the company's not being shopped, labeling a widely quoted story some weeks back in the Wall Street Journal claiming it was and that Oracle and HP were interested "just false." Oracle immediately denied any interest and HP just bought 3Com. Klayko means to grow Brocade through partnerships. Brocade's remarks were made when it posted its latest results. Sales in the October quarter were up 31% to $522 million but profits slipped a couple of million.
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