Aruba Networks Is A Tech Winner, Verizon Closes App Store: Tech Biz Roundup
Aruba Networks (NASDAQ:ARUN) is among Monday’s big tech winners. The high price/sales multiples implied by competitor Ruckus Wireless’ initial public offering price range might cause some to see Aruba, which had 24.1 percent of its float shorted on October 15th, as inexpensive in comparison. The company’s fiscal first quarter results are due out on November 15th.
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RF Micro Devices (NASDAQ:RFMD) will purchase Amalfi Semiconductor, which develops RF/mixed-signal chips for low-end smartphones. The transaction price is $47.5 million in cash. Amalfi’s specialization is in RF CMOS chips which can be less expensive than traditional gallium arsenide parts.
In seems that attempts by carriers to compete with popular services from tech leaders are just not gaining traction. Verizon Wireless (NYSE:VZ)(NASDAQ:VOD) is closing its Android/BlackBerry application store while most indications imply that it has seen very little activity relative to Google Play.
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