Brocade Communications Systems Inc
Hewlett-Packard has looked at Brocade's assets, but has not made a formal bid, the sources said on Monday.
That could be because HP, a top maker of printers and server computers, is potentially interested in acquiring only certain assets of Brocade, one of the sources said.
The sources spoke anonymously because the sale process has not been made public.
Representatives for both companies declined to comment.
(Reporting by Anupreeta Das, editing by Leslie Gevirtz)