ALLENTOWN, Pa. and CUPERTINO, Calif., Jan. 5 -- Agere Systems announced Friday it has acquired TeraBlaze Inc., a Cupertino, Calif.-based private developer of Gigabit Ethernet switching solutions. Agere acquired TeraBlaze in a stock transaction for approximately 6.92 million shares of Agere Class A common stock, valued at about $21 million based on a Dec. 31 closing price of $3.05. All 16 TeraBlaze employees will join Agere, including TeraBlaze founder and CEO Shankar Mukherjee. In August 2003, Agere acquired Massana, a privately held provider of Gigabit Ethernet physical layer device (PHY)...Read full article
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