US network equipment maker Brocade Communication Systems is reportedly for sale, with semiconductor developer Broadcom rumoured to be eyeing the company. Based on Friday’s price, Brocade had a market valuation of about US$3.5bn with shares closing at US$8.69 each. However, sale rumours made its shares soar 25% in intraday trade yesterday, at US$10.88 apiece, which led to a temporary trade suspension. US network […]