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Article: NEWS OF THE WEEK
- Article from:
- Orange County Business Journal
- Article date:
- August 31, 2009
- Author:
CopyrightCopyright CBJ, L. P. Aug 31-Sep 6, 2009. Provided by ProQuest LLC. (Hide copyright information)
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Tills past week's news from www.ocbj.com and other sources
TECHNOLOGY
Thomas Weisel Partners LLC analyst Tore Svanberg upped his rating on Microsemi Corp. to "overweight" from "market weight" and increased his price target to $17 per share from $15 per share. Svanberg said Microsemi's stock should get a boost as the markets for some of its chips begin to rebound. The company's shares were trading at about $14 late last week with a market value of about $1.2 billion.
Costa Mesa's Emulex Corp., a maker of electronics for data storage networks, revealed a customer - EBM Corp. - for a new type of networking technology. Emulex said it's set to provide EBM with a "virtual fabric adapter" for ...