These statements include, but are not limited to, statements that address Broadcom's expected future business and financial performance and statements about (i) the expected benefits of the Brocade acquisition, (ii) Broadcom's plans, objectives and intentions with respect to future operations and products, (iii) Broadcom's competitive position and opportunities, (iv) the impact of the Brocade acquisition on the market for Broadcom's products, and (v) other statements identified by words such as "will", "expect", "believe", "anticipate", "estimate", "should", "intend", "plan", "potential", "predict", "project", "aim", and similar words, phrases or expressions. This communication contains forward-looking statements (including within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended, and Section 27A of the United States Securities Act of 1933, as amended) concerning Broadcom. For more information, go to Forward-Looking Statements Applications for our products in these end markets include: data center networking, home connectivity, set-top box, broadband access, telecommunications equipment, smartphones and base stations, data center servers and storage, factory automation, power generation and alternative energy systems, and electronic displays. Broadcom Limited's extensive product portfolio serves four primary end markets: wired infrastructure, wireless communications, enterprise storage and industrial & other. We share a common culture of innovation and execution, and we look forward to the exciting new growth opportunities we will have as part of the Broadcom team."īroadcom Limited is a leading designer, developer and global supplier of a broad range of digital and analog semiconductor connectivity solutions. "Broadcom provides us with the scale, resources and complementary capabilities to accelerate growth, execute on our strategic initiatives and extend our market leadership in storage area networking. "We are very excited to join the Broadcom team and provide compelling benefits for customers and new opportunities for Brocade's employees," said Jack Rondoni, General Manager, Brocade business unit. Together, we will continue to exceed the expectations of our customers." Tan continued, "We are pleased to announce Jack's appointment as General Manager, and would like to welcome the outstanding team of employees at Brocade to the Broadcom family. We intend to invest in and grow the Brocade business to further enhance its capabilities in mission-critical storage networking." "Broadcom has a track record of successfully integrating and growing companies we acquire, enabling us to offer customers a leading portfolio of best-in-class franchises across a diverse set of technologies. "We are pleased to complete this transaction, which strengthens Broadcom's position as a leading provider of enterprise storage and networking solutions and enables us to better serve our OEM customers," said Hock Tan, President and Chief Executive Officer of Broadcom. Rondoni brings over 20 years of experience in storage, networking and technology. Previously, Rondoni served as Senior Vice President of Storage Networking at Brocade, having joined the company in 2006. Brocade will operate as an indirect subsidiary of Broadcom and will be led by Jack Rondoni as General Manager. (NASDAQ: BRCD).īrocade's common stock will now cease to be traded on NASDAQ. 17, 2017 /PRNewswire/ - Broadcom Limited (NASDAQ: AVGO) ("Broadcom"), a leading semiconductor device supplier to the wired, wireless, enterprise storage, and industrial end markets, today announced that it has completed its acquisition of Brocade Communications Systems, Inc.