Sr. Correspondent, Broker Research, Bangalore, India
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Aug 28, 2014

Heavy buying in EZchip shares, options after company withdraws from events

NEW YORK/BANGALORE, Aug 28 (Reuters) – Israel-based EZchip
Semiconductor’s shares rose 10 percent on
Thursday and there was a spike in bullish options bets after the
chipmaker canceled expected appearances at upcoming brokerage
conferences, sparking talk of a possible deal for the company.

There is “no news but there has been recent speculation that
EZCH could likely be an acquisition candidate,” Jay Srivatsa of
Chardan Capital Markets said.

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    • About Saqib

      "Saqib is Senior correspondent, Broker Research and leads a team of five reporters covering equities research. He previously worked as a producer on the Reuters Global Online desk. He joined Reuters in 2009 after graduating from the Asian College of Journalism."
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