Emulex, Others Rebound Despite Earlier Warning, Downgrades

Storage equipment maker

Emulex

(EMLX)

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

(QLGC)

, which was halved at one point Monday, was ahead 2.3%.

Veritas

(VRTS) - Get Report

was up 0.6%.

Brocade

(BRCD)

, however, was down 2.6%.