Archive for September 8th, 2010

A Petering-Out in Brocade? (BRCD, DELL, HPQ, PAR, CSCO)

Seven days is enough… Maybe. That is what traders decided today in Brocade Communications Systems, Inc. (NASDAQ: BRCD).  With all of the Dell Inc. (NASDAQ: DELL) and Hewlett-Packard Co. (NYSE: HPQ) action in the 3PAR, Inc. (NYSE: PAR) from the bidding war, Brocade has been thought of as one of the GO-TO takeover names.  After all, [...]

ZymoGenetics Continues Projectory In Premarket

ZymoGenetics, Inc. (NASDAQ: ZGEN) skyrocketed this morning in premarket trading after it was announced that the company would be purchased by Bristol-Myers Squibb Co. for $885 million.  At 8:35 AM EST the biopharmaceutical company is up 83.58% to $9.73 and has already traded 5,999,021 shares.  This is clearly a huge gain, especially considering the company’s [...]