latest news releases from the newsroom
Technology Council of Southern California Names QLogic 2008 Company of the Year
ALISO VIEJO, Calif., March 3, 2008 (PRIME NEWSWIRE) -- QLogic Corp. (Nasdaq:QLGC), a leader in networking for storage and high performance computing (HPC), today announced it was named "Company of the Year" by the Technology Council of Southern California, the premier forum for providing the information and resources to help technology companies succeed. Now in its 14th year, the Technology Industry Awards recognize Southern California-based technology leaders that have made outstanding contributions to the industry over the past year. The awards were presented at the Tech Council's annual gala event on Thursday, February 28, in downtown Los Angeles at the historic Millennium Biltmore Hotel.
NetManage Announces That It Will Remain an Independent Company
CUPERTINO, Calif., March 3, 2008 (PRIME NEWSWIRE) -- NetManage, Inc. (Nasdaq:NETM), a software company that provides the fastest way to transform legacy applications into new Web-based business solutions, today announced that Rocket Software has informed NetManage that Rocket failed to secure the financing required to complete the proposed acquisition of NetManage within the contracted timeframe and, as a result, terminated the Agreement and Plan of Merger between the Company and Rocket.
Foundry Networks, Inc.
The Ethernet Alliance Elects Val Oliva as President
SANTA CLARA, Calif. and MOUNTAIN VIEW, Calif., March 3, 2008 (PRIME NEWSWIRE) -- Foundry Networks(r), Inc. (Nasdaq:FDRY), a performance and total solutions leader for end-to-end switching and routing, today announced Val Oliva, director of product management for Foundry Networks' Enterprise Business Unit, was elected president for the Ethernet Alliance organization. Previously the Ethernet Alliance's board secretary, Oliva remains on the board while he takes on this new position. He also continues to lead the alliance's committee for Power over Ethernet (PoE) and Power over Ethernet Plus (PoE Plus).