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Brocade deals for Foundry Networks in Cisco salvo

AP — Tue, 22 Jul 2008 04:25:18 +0000

Brocade Communications Systems Inc., dominant in an obscure corner of the data storage market, wants a piece of a bigger pie: Cisco Systems Inc.’s cash cow business of networking equipment that shuttles Internet...

Brocade to pay $3B to buy Foundry Networks

AP — Mon, 21 Jul 2008 22:32:02 +0000

Brocade Communications Systems Inc. is plunking down $3 billion for Foundry Networks Inc., melding two companies with presence deep in the data center and posing a direct challenge to industry behemoth Cisco Systems...

Brocade to acquire Foundry Networks for $3B

AP — Mon, 21 Jul 2008 21:32:52 +0000

Brocade Communications Systems Inc. says it is paying $3 billion in cash and stock to acquire Foundry Networks Inc., a deal designed to challenge industry behemoth Cisco Systems...

ABC, FX get high marks from gay, lesbian alliance

AP — Sun, 13 Jul 2008 22:06:03 +0000

The marriage between the gay characters Kevin and Scotty in the season finale of ABC’s “Brothers & Sisters” helped the network win the highest praise Sunday from an advocacy group that pushes for more visibility of such...

Stadium speech by Obama sends networks scrambling

AP — Tue, 08 Jul 2008 02:59:48 +0000

Barack Obama’s plan to accept the Democratic presidential nomination at a Denver outdoor stadium instead of the arena in which his party’s convention will be held sent the television networks scrambling...

Appeals court: EchoStar not barred from lease deal

AP — Tue, 08 Jul 2008 01:35:16 +0000

Federal law does not bar satellite television provider EchoStar Communications Corp. from leasing a transponder to another company to transmit network signals, a U.S. appeals court ruled...

News anchors to promote cancer initiative

AP — Tue, 27 May 2008 17:28:55 +0000

ABC, CBS and NBC will air a simultaneous one-hour fundraiser for cancer research in prime-time on Sept. 5.

New data reveal online video views are soaring

AP — Thu, 17 Apr 2008 00:21:13 +0000

New data released Wednesday show online views of videos soared 66 percent in the U.S. in February from a year earlier, with TV networks grabbing just a pittance of those...

TV Networks Seek Formula for Online Ads

AP — Fri, 11 Apr 2008 21:03:45 +0000

CBS Corp. executives took an unusual risk last fall before its series debut of “Big Bang Theory” _ it offered the entire episode online despite the chance it would sap viewership for the TV...

Nortel 4Q Loss Widens, Cuts Work Force

AP — Wed, 27 Feb 2008 15:57:00 +0000

Nortel Networks Corp. said Wednesday it will cut 2,100 jobs as it reported fourth-quarter losses had widened, sending shares tumbling 14 percent in morning trading.