Emulex, Others Rebound Despite Earlier Warning, Downgrades
Storage equipment maker
Emulex
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was up 1.7% in preopen
Island
trading after losing almost half its value Monday on the heels of a warning and several downgrades. Other stocks that were hit by the Emulex fallout also turned higher in the preopen.
QLogic
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TheStreet Recommends
(QLGC)
, which was halved at one point Monday, was ahead 2.3%.
Veritas
(VRTS)
was up 0.6%.
Brocade
(BRCD)
, however, was down 2.6%.
