SiliconBeat

Sonicwall, the Sunnyvale supplier of network security tools, has agreed to lease 72,000 square feet from chip maker Xilinx at 2001 Logic Drive in San Jose and will relocate its headquarters there after the lease on its current Sunnyvale space expires Sept. 29. The new lease begins Sept. 1 and continues for an initial term that expires Sept. 30, 2014.

While the initial rental rate was not disclosed, Sonicwall committed itself to annual rent increases of Read the rest of this entry »

SonicWall, the Sunnyvale network security provider, lowered its forecast for its recently completed quarter, saying it now expects sales of between $46 and $47 million, down about seven percent from its previously issued guidance of between $48 and $52 billion. The company blamed Read the rest of this entry »