Zscaler makes initial trades on Nasdaq

Zscaler has opened for trading on the Nasdaq exchange. Founded in 2007, it makes it’s IPO eleven years later, as the first major technology offering of 2018. The Nasdaq exchange issued a press release, in which it welcomes Zscaler to the exchange. (Nasdaq Welcomes ZSCALER, INC. (NASDAQ: ZS) to the Nasdaq stock market). “In the…

Marvell has designs on Cavium

Chipmaker Marvell has announced its intention to acquire smaller rival Cavium for $6bn. (Marvell and Cavium to Combine Creating an Infrastructure Solutions Powerhouse.) This deal is dwarfed by the recent Broadcom announcement regarding Qualcomm but is for the same reasons. Unlike the Broadcom/Qualcomm deal, this is agreed upon by both sides. The deal offers $40…

Qualcomm doesn’t like Broadcom’s bid

Qualcomm has firmly rebuffed Broadcom‘s bid for them. (Broadcom plans $103bn takeover of Qualcomm.) In a strongly worded press-release Qualcomm’s Board of Directors have rejected Broadcom’s unsolicited bid, and stood behind CEO Steve Mollenkopf, and his plans for the future of Qualcomm. “The Board and Management are singularly focused on driving value for Qualcomm’s shareholders.…