Brocade Communications Systems Inc. , one of Silicon Valley’s remaining dot-com-era networking giants, is in advanced talks to sell itself, according to a Monday report. The company’s stock roared more than 20% higher Monday after Bloomberg News reported that Brocade “is nearing the final stages of a sale process,” based on anonymous sources. Brocade has struggled to keep pace with networking titan Cisco Systems Inc. and has never come close to reaching the valuation heights it enjoyed before the dot-com boom went bust. The San Jose, Calif., firm has attempted to build on its offerings, including the $1.2 billion acquisition of Wi-Fi company Ruckus Wireless earlier this year. Bloomberg’s report named only one potential suitor, chip company Broadcom Corp., which was acquired by Avago Technologies Ltd. for $37 billion last year, though the new company kept the Broadcom name. Brocade shares jumped as much as 25% to $10.88 after the report hit Monday, pushing them near the company’s 52-week intraday high of $10.92, while Broadcom shares stayed steady.
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