The big hardware companies represent a still-lively market for investors, with Cisco's (CSCO) Q1 woes being 'company specific,' says JP Morgan. In fact, "server and storage spending conditions are holding up as the enterprise reinvestment cycle chugs on."
Server and storage connectivity provider Mellanox Technologies (MLNX) will buy data center technology maker Voltaire (VOLT) for $8.75 per share in cash. The deal has a total equity value of $218M, with $176M net of cash. Premarket: Voltaire is +34.2% to $8.63, Mellanox is -2.7% to $24.52. (PR)