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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)
DateTimeHeadline
04/29/201618:22:00Securities Registration: Business Combination (s-4)
04/13/201616:07:18Current Report Filing (8-k)
04/11/201616:28:26Statement of Changes in Beneficial Ownership (4)
04/11/201616:26:39Statement of Changes in Beneficial Ownership (4)
04/11/201616:26:14Statement of Changes in Beneficial Ownership (4)
04/11/201616:24:57Statement of Changes in Beneficial Ownership (4)
04/11/201616:23:14Statement of Changes in Beneficial Ownership (4)
04/11/201616:22:22Statement of Changes in Beneficial Ownership (4)
04/11/201616:21:52Statement of Changes in Beneficial Ownership (4)
04/11/201616:20:10Statement of Changes in Beneficial Ownership (4)
04/11/201616:18:54Statement of Changes in Beneficial Ownership (4)
04/06/201616:34:17Statement of Changes in Beneficial Ownership (4)
04/04/201616:06:00Brocade Strikes $1.2 Billion Deal for Ruckus Wireless -- Update
04/04/201610:20:00Brocade Communications Strikes $1.2 Billion Deal for Ruckus Wireless
04/04/201610:14:00RUCKUS (RKUS) ALERT: Johnson & Weaver, LLP Launches an Investigation...
04/04/201608:47:00Brocade to Acquire Ruckus Wireless to Build a Networking Company...
04/04/201608:43:36Current Report Filing (8-k)
03/28/201615:49:22Confidential Treatment Order (ct Order)
03/17/201619:19:37Statement of Changes in Beneficial Ownership (4)
03/01/201618:20:55Statement of Changes in Beneficial Ownership (4)

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