Market Currents

• Tuesday, November 24, 2009

• 09:00 AM Premarket gainers: AMLN +9%. SEED +8%. GNVC +6%. TLAB +5%. MDT +5%. AEO +5%. FEED +4%. DLTR +4%.
  Losers: ING -8%. BRCD -3.5%. 1 Comment
• 05:05 AM Brocade Communications Systems (BRCD): FQ4 EPS of $0.15 beats by $0.02. Revenue of $522M (+30.9%) in-line. Shares +0.7% AH. (PR) (-from Mon. evening) Comment!

• Thursday, November 12, 2009

• 09:00 AM Premarket gainers: COMS +33%. CAAS +17%. UBET +15%. YUII +10%. JDSU +7%. CVM +6%.
  Losers: BRCD -12%. GMCR -11%. SAY -5%. ABK -4%. Comment!

• Wednesday, November 11, 2009

• 17:46 PM Hello, new archrival. H-P (HPQ) puts a bow on its growing conflict with Cisco Systems (CSCO) by acquiring 3Com (COMS) on the cheap. Therese Poletti noted last month (while speculating about an H-P/Brocade (BRCD) tie-up) how former partners H-P and Cisco have gotten increasingly unfriendly, with Cisco making servers and H-P reinvesting in networking and even video-conferencing; your move, Cisco. (WSJ Digits liveblogs H-P call) 4 Comments
• 16:46 PM Shares in 3Com (COMS) resume trading, up 35% on news of Hewlett-Packard's (HPQ) agreement to pay $2.7B in cash for the network gear maker. The deal, approved by both boards, is expected to close in the first half of 2010. Update 5:00 p.m.: [[HPQ]] -0.5% AH. Brocade (BRCD) - the last independent networking company - down 7% AH as it's passed over for acquisition. 1 Comment

• Sunday, October 25, 2009

• 17:37 PM Ten names to drool over: Barron's cover story highlights 10 mid-sized tech companies likely to be consumed by bigger names: Networking - Riverbed (RVBD), Brocade (BRCD), Juniper (JNPR), F5 (FFIV); server side - BMC Software (BMC), Red Hat (RHT), Citrix (CTXS); storage - CommVault (CVLT), 3Par (PAR), NetApp (NTAP). Comment!

• Wednesday, October 7, 2009

• 14:50 PM Always quotable Oracle (ORCL) CEO Larry Ellison (fresh off his cloud computing rant) says despite speculation, he's not interested in acquiring Brocade (BRCD +2.3%), making Hewlett-Packard (HPQ) a more likely purchaser. Ellison says archrival Salesforce.com (CRM) "makes almost no money" but is allowing its CEO Marc Benioff to speak to Oracle's OpenWorld conference and potentially pick up some business. Comment!

• Monday, October 5, 2009

• 09:25 AM Brocade Communications (BRCD), which makes equipment that links computer networks to data-storage centers, has quietly put itself up for sale. H-P (HPQ), whose mounting rivalry with Cisco Systems (CSCO) has it scrambling to source parts for its ProCurve networking division, is a lead candidate. Other tire-kickers include Oracle (ORCL). BRCD +13.6% premarket. Comment!
• 09:00 AM Premarket gainers: VG +21%. BRCD +14%. INO +8%. VIP +7%. MTW +7%. EGI +6%. NMR +6%. HOV +5%. CNO +4%. WFC +4%. COF +4%. FNM +4%.
  Losers: none of note. Comment!

• Friday, August 21, 2009

• 09:00 AM Premarket gainers: CRM +9%. SIRI +7%. RTK +7%. CZZ +7%. MPEL +6%. PMI +6%. FNM +5%. AIG +5%. KFN +5%. ABK +4%. HL +4%. FRE +4%. UBS +4%. LVS +4%. ING +4%. SOL +4%.
  Losers: BRCD -7%. ANN -6%. NGD -5%. Comment!

• Thursday, August 20, 2009

• 16:10 PM Brocade Communications Systems (BRCD): FQ3 EPS of $0.12 beats by $0.01. Revenue of $493M (+35%) vs. $504M. Shares -6.2% AH. (PR) Comment!
• 00:10 AM Notable earnings after Thursday's close: ARO, BRCD, CRM, FL, GPS, INTU, WTSLA Comment!

• Thursday, May 21, 2009

• 15:10 PM Notable earnings after Thursday's close: ARO, ALKS, ARUN, ADSK, BRCD, CRM, DBRN, EXM, FL, GPS, LDK, PSUN, ZUMZ Comment!
• 09:00 AM Premarket gainers: SMRT +36%. DDUP +33%. TSRA +29%. VICL +20%. BPI +14%. BRCD +10%. CSIQ +8%. GM +7%. PLAB +7%. THC +6%. NCS +4%. HEB +4%.
  Losers: ZZ -36%. ESLR -19%. RF -17%. MF -12%. HOTT -12%. GME -11%. PETM -7%. LEA -9%. STP -7%. FITB -6%. HBAN -6%. HTZ -6%. OCNF -5%. DPTR -4%. PCX -4% Comment!
• 07:31 AM Brocade Communications Systems (BRCD): FQ2 EPS of $0.11 beats by $0.02. Revenue of $506M (+42.7%) vs. $476M. (PR) Comment!
• 00:10 AM Notable earnings after Thursday's close: ARO, ALKS, ARUN, ADSK, BRCD, CRM, DBRN, EXM, FL, GPS, LDK, PSUN, ZUMZ Comment!