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Ruckus Wireless (RKUS +16.7%) soared over the course of the day after Motorola Mobility (GOOG)...

Ruckus Wireless (RKUS +16.7%) soared over the course of the day after Motorola Mobility (GOOG) disclosed a 4M-share (5.4%) stake in the service provider Wi-Fi hardware maker. Does Google, a major backer of public Wi-Fi networks, have a partnership in mind? (13G) Update: The disclosure is for an investment made by Motorola prior to Ruckus' IPO.
Comments (4)
  • MoolahMitch
    , contributor
    Comments (8) | Send Message
     
    I was wondering all day why it was soaring but I could not find any information!
    8 Feb 2013, 06:20 PM Reply Like
  • goblue31487
    , contributor
    Comments (11) | Send Message
     
    Google has had a 5% interest in RKUS since the IPO. It's been disclosed since November: http://on.wsj.com/WMnczv
    9 Feb 2013, 02:00 PM Reply Like
  • markgrussendorf
    , contributor
    Comment (1) | Send Message
     
    Is this a takeover target! Hold for the takeover or play it another way?
    10 Feb 2013, 10:28 AM Reply Like
  • JeromeB
    , contributor
    Comments (12) | Send Message
     
    According to the prospectus, Ruckus cannot enter into any business with an interested stockholder for a period of 3 years after the IPO, and then only with a 66 2/3% vote of the shareholders.
    11 Feb 2013, 12:42 AM Reply Like
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