Force10 plans stock offering

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This is quasi-HPC related, since some of you have Force10 gear in your centers, but I’ll keep it short.

The Wall Street Journal is reporting today that Force10 Networks has announced plans to sell an estimated $143.8 million of stock in an initial public offering under the symbol FTEN. According to the story

Wall Street sign[Force10] shipped product to more than 1,100 customers in 63 countries in the year ended Sept. 30.

For that period, Force10 posted a profit of $33.4 million on revenue of $86.1 million, compared with prior-year earnings of $472,000 on revenue of $48.2 million. An acquisition helped the latest results.

The acquisition referenced is the merger last year of Force10 and Turin Networks.


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