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iReady to Go: Page 3 of 3

Emulex Corp. (NYSE: ELX)
is another candidate because the host bus adapter (HBA) vendor has not been a player in the iSCSI space and probably will have to get its hand in eventually. Some observers, though, expect Emulex to make its move for more proven technology than iReady’s.

IReady's tight spot typifies ongoing difficulties in the iSCSI chip space. Although Astute Networks Inc. picked up $15 million in funding last month, startups have faced rough going against established vendors like QLogic Corp. (Nasdaq: QLGC)
and Adaptec Inc. (Nasdaq: ADPT). Trebia Networks, for instance, folded last August after burning through at least $50 million {see {doclink 39212}).

Analysts have long forecast a consolidation in the segment, which also includes Alacritech Inc.,
Silverback Systems Inc., iVivity Inc., and iStor Networks Inc.

— Dave Raffo, Senior Editor, Byte and Switch