In my previous post Fibre Channel is Dying, I mentioned rumours of Qlogic looking for a buyer, and they finally did.
It was just announced that Cavium is acquiring Qlogic , for $1B.
This is inline with my guess that a Silicon switch vendor will make the move to provide an Ethernet end to End solution.
Not surprisingly, Qlogic stock went up (to match the acquisition value) while Cavium went down.
Will be interesting to see how Cavium integrates Qlogic and what will be the focus.