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Summary:

With IPO markets acting like Tom Cruise, it is no surprise, even the most promising of technology companies have to scale back their plans for a public offering. The good news is that there is enough private equity/VC/hedge fund money sloshing around to carry them through. […]

With IPO markets acting like Tom Cruise, it is no surprise, even the most promising of technology companies have to scale back their plans for a public offering. The good news is that there is enough private equity/VC/hedge fund money sloshing around to carry them through.

Light Reading reports that Force 10 networks, a 10 Gigabit Ethernet Switch maker is looking to raise another $50 million, perhaps what could be the final round before the IPO. The company has raised around $300 million in funding, has about $100 million in revenues, and is valued around $455 million, LR reports. Chance of someone (???) stepping in and buying the company outright is highly unlikely…. VCs have to show big returns on this one!

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  1. Aquantia gets $26M for 10 Gig-E Chips – GigaOM Friday, February 15, 2008

    [...] company isn’t talking. If Aquantia, or its competitors such as SolarFlare Communications or Force10 Networks, can reduce the power consumption problem, 10 Gig-E could make it out of the high-end equipment at [...]

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