Valley VCs are on fire: Lots of deals, including bloated Force10, PlayPhone & Groxis…

Valley VCs are on fire: Lots of deals, including bloated Force10, PlayPhone & Groxis…

Folks, here’s a quick summary of the numerous deals going down. We’ve been posting slower than usual lately; we’re doing maintenance. Back to full speed shortly….

Force10 Networks, the San Jose provider of latest-generation network and switching gear, has raised $50 million. Remember, this is the company that is pitching carriers on its 10-gigabit ethernet gear, and signaled beginning last year that it was thinking of going public this year. Light Reading now says the company… Continue Reading