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Industry
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 | Brocade to spend $3 billion buying Foundry Brocade Communications Systems Inc. said it plans to buy data equipment maker Foundry Networks for around $3 billion to expand its product line, customer reach and sales channels. |
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 | TI posts lower quarterly earnings Texas Instruments Inc. Monday posted lower quarterly profit and revenue as growth in analog chips was offset by weakness in its wireless chip business. |
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 | Sandisk reports quarterly loss SanDisk quarterly results swung sharply to a loss in Monday amid an unexpected decline in sales and warned worse was in store as it further slashes the prices of its memory chips in the current quarter, sending its shares down 14% after-hours. |
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 | JEDEC to set standard for flash SSD JEDEC, the standards group best known for its work on DRAM interfaces, has formed a new group to set standards for solid-state disks that use NAND flash chips. |
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 | On Semi acquires Catalyst Phoenix, Ariz.-based ON Semiconductor Corp said today it would acquire Santa Clara, Calif.-based Catalyst Semiconductor Inc in an all-stock transaction in which Catalyst shareholders will receive 0.706 shares of ON Semi common stock for each share of Catalyst common stock owned, representing an equity value of approximately $115 million and an enterprise value of approximately $85 million.
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 | Disappointing performance seen at AMD In contrast to the strong financial results reported two days earlier by rival Intel Corp., Sunnyvale, Calif.-based AMD posted a hefty $1.2 billion net loss for the quarter ended June 28, compared with a smaller $600 million net loss for the comparable quarter in 2007. |
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