Brocade Jumping On IBM Rumor

Shares of Brocade Communications Systems, BRCD are sharply higher today, gaining more than 10% after rumors surfaced that IBM IBM may be looking at the company. Brocade supplies end-to-end Internet protocol based Ethernet and storage area networking solutions for enterprises and service providers. At last check, shares of Brocade were up 58 cents to $6.23. Tech Trade at Barron's was the first place to report the rumor.