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TECH STOCKS: Brocade Gains In Volatile Tech Sector

By Rex Crum, MarketWatch SAN FRANCISCO (MarketWatch) -- Technology stocks put in mild gains Thursday, helped in part by modest advances from the likes of Apple Inc. and Dell Inc., but the sector showed some signs of weakness. In addition to Apple (AAPL) and Dell (DELL), gains also came from Intel Corp. (INTC) NetApp Inc. (NTAP) and Qualcomm Inc. (QCOM) (QCOM)Microsoft Corp.'s (MSFT) shares fell 21 cents to close at $24.22 after the company showed off a preview of its upcoming Windows 8 operating system at the Computex computer industry show in Taipei. Brocade Communications Systems Inc.'s (BRCD) shares climbed 44 cents, or 6.6%, to $7.11. Late Wednesday, Canaccord Genuity analyst Paul Mansky wrote in a research note that Dell should make more of a move into networking and that Brocade could be an acquisition target. The Nasdaq Composite Index (RIXF) managed to eke out a gain of 4 points to close at 2,773 and rebound somewhat from Wednesday's loss of more than 66 points. After the market closed, daily-deal site Groupon filed for an initial public offering worth $750 million. Additionally, streaming-radio company Pandora, which had already filed for an IPO, set its price range at between $7 and $9 a share.

Stock News for Brocade Communications Systems (BRCD)
09/30/201509:00:00AT&T And Brocade Join Forces To Extend Network On Demand Platform
09/30/201506:03:03Current Report Filing (8-k)
09/29/201508:36:00Active Equities in the Information Technology Sector - Broadcom...
09/23/201508:36:00Market Insight on Information Technology -- Brocade Communications...
09/04/201516:05:02Quarterly Report (10-q)
09/03/201509:00:00Aerohive Networks & Brocade Deliver Scalable Wired & Wireless...
09/03/201509:00:00Ruckus Wireless and Brocade Deliver Gigabit Class Smart Wi-Fi...
08/20/201516:06:24Current Report Filing (8-k)
08/06/201512:15:19Confidential Treatment Order (ct Order)
07/29/201509:35:00Market Movers - Data Storage Devices Stocks -- EMC Corp., NetApp...
06/19/201517:48:50Statement of Changes in Beneficial Ownership (4)
06/18/201517:13:45Statement of Changes in Beneficial Ownership (4)
06/16/201516:48:44Statement of Changes in Beneficial Ownership (4)
06/12/201516:49:19Statement of Changes in Beneficial Ownership (4)
06/09/201516:20:26Securities Registration: Employee Benefit Plan (s-8)
06/08/201516:27:02Statement of Changes in Beneficial Ownership (4)
06/05/201516:25:18Quarterly Report (10-q)
06/04/201519:54:58Statement of Changes in Beneficial Ownership (4)
05/28/201516:07:05Specialized Disclosure Report (sd)
05/21/201516:04:28Current Report Filing (8-k)

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