Intel and Broadcom kiss and make up
Intel and Broadcom have settled a trade-secret-related lawsuit sparked by Intel almost nine months ago when it filed a lawsuit against Broadcom in the California Superior Court in March this year. Broadcom then countered with its own lawsuit filed in June, charging Intel with a trade secret cross-complaint. Both parties said all claims relating to both suits have been settled to the satisfaction of the companies. Terms relating to the settlement remain confidential.
Oracle exec resigns
Gary Bloom, an executive vice president who was in charge of Oracle's database development activities and numerous other key functions, has resigned. Oracle announced that Bloom will leave on December 15 to become president and CEO of Veritas Software, a US-based maker of storage management software. Bloom is the second high-ranking executive to leave Oracle in the last five months, with his resignation following the July departure of Ray Lane, Oracle's former president and chief operating officer. Bloom, a 14-year Oracle veteran who was responsible for things ranging from database development to worldwide marketing and customer support, said the CEO job at Veritas was "an opportunity I could not refuse". Bloom said there was "no lack of opportunity for me at Oracle," but noted that landing the position of Oracle CEO was unlikely because of the continued presence of company founder Larry Ellison.
Cabletron tops Layer 3 in third quarter
Market research company the Dell'Oro Group has released its report on third quarter networking sales with Cabletron out in front for Layer 3 switching products.
Layer 3, or network switching, looks into the IP level of packets, and Cabletron secured 29.6 per cent of the modular Layer 3 ports shipped during the quarter.
Cabletron had strong shipments to North America based on the total number of Layer 3 modular ports and number of 10/100 Ethernet ports shipped between July and September this year.
Cabletron staved off competition from Nortel, 3Com, Cisco, Extreme Networks and Lucent for the number one spot. The company owes its success to its SmartSwitch Router series.
The Dell'Oro Group predicts that the Layer 3 market will grow to $US9.4 billion by 2004.www.cabletron.com