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Mellanox (MLNX +3.9%) rallies after ThinkEquity lifts its PT to $43. The firm likes Oracle's...
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Wednesday, March 21, 2012, 1:34 PM ETMellanox (MLNX +3.9%) rallies after ThinkEquity lifts its PT to $43. The firm likes Oracle's (ORCL) upbeat earnings call remarks about its Engineered Systems business, which grew 139% Y/Y. Oracle took a 10.2% stake in Mellanox in 2010, and the latter's InfiniBand adapters are used in the former's Exadata and Exalogic systems. ThinkEquity also believes Intel's Romley launch bodes well for Mellanox.
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