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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)
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)

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