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.