Exact(5)
For the record, the last first-day triple of 2000 was McData Corporation, a maker of switches and software to connect computer servers and memory storage systems.
Brocade Communications Systems, a maker of switches used in computer networks, yesterday agreed to buy closely held Rhapsody Networks for about $175 million in stock.
Shares in the McData Corporation, a maker of switches for data-storage computer networks, fell nearly 18percentt yesterday after the company said sales this quarter would miss forecasts.
When Cisco Systems agreed earlier this month to acquire Arrowpoint Communications, a maker of switches for Internet communications, for about $6 billion, some analysts interpreted the deal as a blow to Arrowpoint's main competitor, Alteon Websystems.
The McData Corporation, a maker of switches for data-storage computer networks, said yesterday that it would fall short of its own estimates for third-quarter revenue by as much as 17percentt because of a pricing dispute with its top customer, the EMC Corporation.
Similar(55)
Lucent Technologies lu saw its share drop after the world's largest telecom equipment maker agreed to buy Excel Switching xlsw, a maker of programmable switches for telecommunications service providers, for $1.7 billion in stock.
The Cherry Corporation, a maker of electrical switches and sensors for automobiles and computers, said yesterday that it had hired Banc of America Securities L.L.C. to help explore alternatives for its Cherry Semiconductor Corporation.
The Cherry Corporation, a maker of electrical switches for automobiles, said yesterday that it had received a buyout offer of $26 a share in cash, or about $262 million, from a company it declined to name.
Xavier Torra, chief executive of Simon, a maker of electrical switches and sockets, said the secessionist debate had become "far too emotional" and out of touch with Catalonia's economic reality.
Cisco paid about $6.9 billion for Cerent, a maker of optical switches, at the height of the 1999 dot-com boom, not long before Cisco's soaring stock price made it the highest-valued company in the United States.
The company, which announced that it had raised $5.4 million from Voyager Capital and Crosslink Capital, makes software that goes into Wi-Fi chips that, say, a maker of electric switches could embed in its products.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com