With IPO markets acting like Tom Cruise, it is no surprise, even the most promising of technology companies have to scale back their plans for a public offering. The good news is that there is enough private equity/VC/hedge fund money sloshing around to carry them through.
Light Reading reports that Force 10 networks, a 10 Gigabit Ethernet Switch maker is looking to raise another $50 million, perhaps what could be the final round before the IPO. The company has raised around $300 million in funding, has about $100 million in revenues, and is valued around $455 million, LR reports. Chance of someone (???) stepping in and buying the company outright is highly unlikely…. VCs have to show big returns on this one!