17:42 PMFoundry Networks (FDRY): Q2 EPS of $0.17 beats by $0.02. Revenue of $161M (+12.2%) vs. $153.5M. Shares +33% on Brocade (BRCD) buyout. [PR]
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17:15 PM
Brocade Communications Systems (BRCD) to acquire Foundry Networks (FDRY) for $19.25 in cash and stock. Foundry closed at $13.66, and is up 34.6% to $18.39.
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