DALLAS, Texas – Beacon Equity Research announces the release of Trade Alerts covering Market Movers: Brocade Communications Systems Inc. (Nasdaq: BRCD), General Electric Co. (NYSE: GE), Alcoa Inc. (NYSE: AA), Las Vegas Sands Corp. (NYSE: LVS), NovaGold Resources Inc. (AMEX: NG) and Seagate Technology (Nasdaq: STX).
In the Trade Alert, the author highlights Brocade Communications Systems’ acquisition of Foundry Networks:
“Brocade Communications Systems Inc. (BRCD) shares closed Friday at $3.11, up 9.89% from its previous close of $2.83. Brocade is a provider of data center networking solutions that help enterprises connect and manage their information. … Brocade recently announced it has completed its acquisition of Foundry Networks (FDRY) for $16.50 per share in cash.”
The Trade Alert author also featured General Electric’s deal with Relativity Media to sell Rogue Pictures:
“General Electric Co. (GE) shares closed Friday at $17.07, up 5.37% from its previous close of $16.20. General Electric operates as a technology, media and financial services company worldwide. … GE's Universal Pictures has recently sold its horror and thriller film label Rogue Pictures to its longtime financing partner Relativity Media LLC. … NBC Universal spokeswoman Kori Bernards has confirmed that the deal was closed shortly before Christmas but declined to confirm the sale price. According to the New York Times report, the deal was for about $150 million.”
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