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More on Ancor and Checking Back on MedImmune

 

Wednesday's Wince

  • All in a day's hype, er, work: A $14.8 million investment by Intel (INTC Quote) yesterday helped Ancor's (ANCR Quote) market cap grow by about $650 million in this wacky, fundamentals-don't-mean-anything kinda market. Nothing changed at the company. Nothing!

    Nothing but the receipt of an investment from Intel regarding a so-called InfiniBand product that, if developed, is two years out. Yet Ancor's stock zoomed on the news, and as you might guess, the Hostile React-o-Meter was spinning outta control in the wake of yesterday's Ancor item. (Actually, it was also spinning because of the MedImmune (MEDI Quote) item, but that's another story.) ...

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