Broadcom launches hostile $764M bid for Emulex

(AP) -- Chip designer Broadcom Corp. is launching a $764 million hostile takeover offer for network gear maker Emulex Corp. Broadcom said Tuesday the deal would help it develop new technologies for corporate data centers.

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<p><a href="http://www.physorg.com/news159542931.html">Broadcom launches hostile $764M bid for Emulex</a></p> <p>(AP) -- Chip designer Broadcom Corp. is launching a $764 million hostile takeover offer for network gear maker Emulex Corp. Broadcom said Tuesday the deal would help it develop new technologies for corporate data centers.</p>