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News Breaks
February 4, 2013
13:10 EDTRKUS, ALVRAlvarion still has a few positive catalysts, Globes columnist writes
Israel's Alvarion (ALVR) may report stronger than expected Q4 results on February 20, Israeli stock analyst Shlomi Cohen wrote in Globes. The company's results will benefit from the sale of patents, and payments on its Nortel debt, Cohen believes. Alvarion has put its WiMax unit up for sale, and, following the sale, the company will become a pure play on WiFi, which is a "hot item on Wall Street," he wrote. Alvarion could also become a takeover target for Ruckus (RKUS), the analyst added. Reference Link
News For ALVR;RKUS From The Last 14 Days
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March 5, 2015
07:04 EDTRKUSRuckus Wireless says can benefit from Aruba acquisition, says Cantor
After meeting with Ruckus (RKUS), Cantor says the company believes it has "interesting opportunities" to make deals with Aruba's (ARUN) partners, including Dell and Juniper (JNPR), that compete with HP (HPQ). Following the Aruba deal, Ruckus believes that,it could become the largest independent Wi-Fi vendor with a 6%-7% market share in the WLAN market, Cantor added.
March 4, 2015
10:13 EDTRKUSRuckus Wireless management to meet with Needham
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March 2, 2015
08:36 EDTRKUSHP confirms deal to acquire Aruba Networks for $24.67 per share
HP (HPQ) confirmed it has reached a definitive agreement to acquire Aruba Networks (ARUN), a provider of network access solutions for the mobile enterprise, for $24.67 per share in cash. The equity value of the transaction is approximately $3B, and net of cash and debt approximately $2.7B. HP and Aruba believe that by combining complementary product portfolios and go-to-market approaches they will be able to accelerate revenue growth and strengthen the financial performance of the combined HP Networking business, and create a leading competitor in the $18 billion and growing campus networking sector. Overall, HP expects the acquisition to be accretive to earnings in the first full year following close. The transaction is expected to close in the second half of HP's fiscal year 2015. Bloomberg first reported on February 25 that Aruba Networks was in talks to be acquired by Hewlett-Packard. Craig-Hallum said after Bloomberg's report that Ruckus Wireless (RKUS) would remain a likely takeout target if HP acquired its competitor Aruba. Aruba Network shares are down 2% in pre-market trading after the deal was confirmed, while Ruckus shares are fractionally higher.
February 26, 2015
10:20 EDTRKUSRuckus Wireless will be in play if HP acquires Aruba, says Craig-Hallum
Craig-Hallum said Ruckus Wireless (RKUS) remains a likely takeout target following reports Hewlett-Packard (HPQ) may acquire competitor Aruba Networks (ARUN). Analyst Tony Stoss said if Hewlett is looking at Aruba, it should absolutely look at Buy rated Ruckus, which would also pressure Cisco (CSCO) to take a hard look at the company. Stoss says Ruckus has superior technology and exposure to the high growth service provider market with numerous catalysts ahead to drive shares higher.
February 25, 2015
16:38 EDTRKUSOn The Fly: Closing Wrap
The Wall Street averages had a relatively quiet open and remained in a tight range for most of the session. The market moved to the high end of its range by mid-afternoon, which pushed the Dow and S&P to new highs and the Nasdaq ever closer to its 5,000 level. There was little momentum behind the move and the averages eventually faded, closing nearly unchanged for the session. ECONOMIC EVENTS: In the U.S., new home sales slipped 0.2% to a 481K annual pace in January, which was better than the expected 2.3% decline to a 471K rate. The DOE petroleum inventory report showed crude stockpiles grew by 8.4M barrels in the week of February 20, versus expectations for a 4M barrel increase. In China, HSBC and Markit's flash purchasing managers' index for February came in at 50.1, which was above the consensus outlook of 49.7 and represented a four month high. COMPANY NEWS: Shares of Hewlett-Packard (HPQ) dropped $3.82, or 9.92%, to $34.67 after the PC, printer and server maker reported lower than expected Q1 revenue and cut its FY15 EPS view and free cash flow outlook, citing separation costs and foreign exchange headwinds. However, analysts at Citigroup, Bernstein, and Brean Capital all recommended buying the stock on weakness in separate notes to investors today. Later in the day, Bloomberg reported, citing sources, that HP is in talks to make its biggest acquisition in several years by potentially acquiring Aruba Networks (ARUN), sending shares of the WiFi equipment maker up $3.86, or 21.0%, to $22.24. Shares of Aruba competitor Ruckus Wireless (RKUS) also gained 66c, or 5.89%, to $11.86 after Bloomberg's report on potential M&A in their space... Chesapeake Energy (CHK) slid $1.90, or 9.56%, to $17.98 after reporting worse than expected earnings amid the recent plunge in energy prices and announcing lower capital spending plans for 2015. MAJOR MOVERS: Among the notable gainers was Benefitfocus (BNFT), which jumped $10.85, or 47.24%, to $33.82 after reporting Q4 earnings and disclosing that Marsh & McLennan (MMC) subsidiary Mercer took a 9.9% stake in the company. Also higher was SFX Entertainment (SFXE), which gained $1.09, or 29.46%, to $4.79 after the company’s Chairman and CEO, Robert Sillerman, offered to acquire all of the outstanding shares of common stock of the company not already owned by him for $4.75 per share in cash. SFX Entertainment confirmed that it received the proposal and established a special committee to review and negotiate the nonbinding offer. Among the noteworthy losers was Lumber Liquidators (LL), which plunged $18.15, or 26.39%, to $50.63 after reporting Q4 earnings per share and revenue that missed consensus expectations, warning on its associated call that an upcoming "60 Minutes" piece may cast the company in an unfavorable light, and disclosing in its annual report that the Department of Justice indicated in recent communications that it is contemplating seeking criminal charges under the Lacey Act. Also lower following their earnings reports were shares of Republic Airways (RJET), which fell $2.17, or 14.49%, to $12.81, and LendingClub (LC), which dropped $3.14, or 13.28%, to $20.51. INDEXES: The Dow added 15.38, or 0.08%, to 18,224.57, the Nasdaq slipped 0.98, or 0.02%, to 4,967.14, and the S&P 500 dropped 1.62, or 0.08%, to 2,113.86.
15:08 EDTRKUSRuckus Wireless up 5.5% after report of peer Aruba Networks in takeout talks

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