Mellanox (MLNX +3.9%) rallies after ThinkEquity lifts its PT to $43. The firm likes Oracle's...

|About: Mellanox Technologies, Ltd. (MLNX)|By:, SA News Editor

Mellanox (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.