ADVFN - Advanced Financial Network.
HOME» NASDAQ » B » BRCD Stock Price » BRCD Stock News

Brocade Communications Systems Share News

 Brocade Communications Systems (mm) Stock Price
BRCD Stock Price
 Brocade Communications Systems (mm) Stock Chart
BRCD Stock Chart
 Brocade Communications Systems (mm) Stock News
BRCD Stock News
 Brocade Communications Systems (mm) Company Information
BRCD Company Information
 Brocade Communications Systems (mm) Stock Trades
BRCD Stock Trades

TECH STOCKS: Tech Stocks Close With Gains; H-P Wins 3Par Fight

By Rex Crum Tech stocks put in a second-straight day of gains Thursday, with Hewlett-Packard Co. in the spotlight as the tech giant claimed victory over Dell Inc. in the fight to buy 3Par Inc. Dell (DELL) said it would not raise its final offer for 3Par, ending discussions about acquiring the data-storage technology company. Dell's statement came after H-P (HPQ) raised its bid for 3Par to $33 a share, or $2.4 billion, before the market opened. 3Par (PAR) said in a statement that Dell (DELL) had increased its offer for the company to $32 a share from $27 a share, but that 3Par had determined H-P's offer to be "a superior proposal." 3Par shares rose 80 cents, or 2.5%, to close at $32.88, while H-P added 47 cents a share to end the day at $39.68. Dell rose 24 cents a share to close at $12.36. Apple Inc. (AAPL) rose $1.84 a share to close at $252.17 a day after the company unveiled a revamped line of iPods, new features for its iTunes stores, and a new version of its Apple TV set-top box that the company believes will give it a better presence in consumers' living rooms. Among other tech stocks, notable gains came from Brocade Communications Systems Inc. (BRCD), up 41 cents a share, or almost 8%, to close at $5.60; Broadcom Corp. (BRCM), which rose $1.63 a share, or more than 5%, to $32.71, and Sycamore Networks Inc. (SCMRD), which rose $4.68 a share, or more than 21%, to $26.90. Sycamore got a big lift after the networking-equipment company on Thursday reported a fiscal fourth-quarter profit of $520,000, or 2 cents a share, on $22.2 million in revenue. During the same period a year ago, Sycamore lost $34.9 million, or $1.23 a share, on $17.2 million in sales. Adobe Systems Inc. (ADBE), Yahoo Inc. (YHOO), Google Inc. (GOOG) and Intel Corp. (INTC) also advanced. The Nasdaq Composite Index (RIXF) rose 23 points to close at 2,200, while the Philadelphia Semiconductor Index (SOX) rose 2%. The Morgan Stanley High Tech 35 Index (MSH) climbed by 1.4%.. The tech sector rose along with the broader market following a slate of economic data released before the market opened. The Labor Department reported that the number of people applying for unemployment benefits fell last week by 6,000 to 472,000. However, first-time claims still remained at a high level. Also, the Labor Department said that productivity levels of American businesses fell by almost 2% in the second quarter of the year.

Stock News for Brocade Communications Systems (BRCD)
10/26/201608:00:00Brocade Ruckus Cloudpath ES 5.0 Simplifies Security and Policy...
09/22/201617:24:31Statement of Changes in Beneficial Ownership (4)
09/22/201617:08:16Current Report Filing (8-k)
09/22/201608:00:00Brocade Achieves Leader Position in the 2016 IHS Markit Wireless...
09/21/201614:14:00SHAREHOLDER ALERT: Purcell Julie & Lefkowitz LLP Is Investigating...
09/16/201619:07:10Statement of Changes in Beneficial Ownership (4)
09/12/201608:00:00Advantech, Brocade, Gigaspaces, Saguna and Vasona Networks to...
09/02/201616:08:49Quarterly Report (10-q)
08/25/201616:04:21Current Report Filing (8-k)
08/23/201618:19:35Statement of Changes in Beneficial Ownership (4)
07/27/201607:30:00Ruckus Wireless to Host Investor Webcast to Discuss New Cloud...
07/26/201608:00:00Ruckus Wireless Simplifies Wireless Networking with Cloud Wi-Fi
06/20/201608:00:00Ruckus Wireless Selected by AccorHotels as Preferred Wi-Fi Partner...
06/20/201603:03:00CFO Network Members -- WSJ
06/13/201619:41:15Statement of Changes in Beneficial Ownership (4)
06/10/201616:12:28Amended Current Report Filing (8-k/a)
06/06/201616:50:32Statement of Changes in Beneficial Ownership (4)
06/03/201616:26:12Securities Registration: Employee Benefit Plan (s-8)
06/03/201616:23:58Post-effective Amendment to an S-8 Filing (s-8 Pos)
06/03/201616:13:10Quarterly Report (10-q)

Brocade Communications Systems and other NASDAQ stock quotes are delayed by at least 20 minutes.
All other stock price and quote data is delayed by at least 15 minutes unless otherwise stated. By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2016 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations