Mindspeed (MSPD) +8.3% AH after announcing (in tandem with its FQ2 report) it has hired Morgan...

|About: Mindspeed Technologies, Inc. (MSPD)|By:, SA News Editor

Mindspeed (MSPD) +8.3% AH after announcing (in tandem with its FQ2 report) it has hired Morgan Stanley to explore "strategic alternatives." With a market cap that's barely above $100M (after factoring the AH gain), the networking equipment chipmaker would be fairly easy for a bigger rival to digest, should one be interested in doing so. Shares closed near their 52-week low today, nearly a month after getting crushed thanks to a warning. Update (6:01): Shares are now up 31% AH.