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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
02/14/201416:56:38TECH STOCKS: Trulia, Zillow Shares Fall; Brocade Rallies
02/14/201415:14:33TECH STOCKS: Techs Slip As Trulia Falls, But Brocade Rallies
12/11/201316:59:05TECH STOCKS: Cisco Among Losses In Broad Tech Slump
12/11/201311:21:11TECH STOCKS: Cisco Among Tech Losses After Citigroup Says Sell
11/19/201316:45:53TECH STOCKS: Salesforce, Groupon, Microsoft Among Tech Decliners
11/19/201310:49:42TECH STOCKS: Salesforce Falls, Microsoft Rises Ahead Of Meeting
11/19/201309:07:57U.S. Hot Stocks Futures: Hot Stocks to Watch
11/15/201308:55:36Highbridge Capital Management 3Q 13F: Holdings As -2-
11/15/201308:55:35Highbridge Capital Management 3Q 13F: Holdings As Of Sep 30
11/15/201308:39:34Kingdon Capital Management 3Q 13F: Holdings As Of -2-
11/15/201308:39:34Kingdon Capital Management 3Q 13F: Largest Purchases
11/15/201308:39:33Kingdon Capital Management 3Q 13F: Holdings As Of Sep 30
11/15/201307:59:24Soros Fund Management 3Q 13F: Holdings As Of Sep -2-
11/15/201307:59:24Soros Fund Management 3Q 13F: Holdings As Of Sep 30
11/15/201307:58:36Soros Fund Management 3Q 13F: Largest Sales
11/15/201307:11:08AQR Capital Management 3Q 13F: Holdings As Of Sep -2-
11/15/201307:11:08AQR Capital Management 3Q 13F: Holdings As Of Sep 30
11/15/201307:10:27AQR Capital Management 3Q 13F: Largest Purchases -2-
11/15/201307:10:23AQR Capital Management 3Q 13F: Largest Sales
11/15/201307:07:21Two Sigma Investments 3Q 13F: Holdings As Of Sep 30

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