Major Market Movers – November 12

COMS, STEC, JDSU, STX, CMCSA, MSFT, EBAY, ATVI, DRYS, DELL, CSCO, RIMM, AMAT, PALM, BRCD

3Com Corp. (NASDAQ: COMS) $7.46 +31.11% – Acquisition Deal worth $2. 7 billion

STEC Inc. (NASDAQ: STEC) $14.19 +7.83%

JDS Uniphase Corp. (NASDAQ: JDSU) $7.71 +7.08% – JDS Uniphase shares seen rising after last week’s better-than-expected fiscal Q1 results

Seagate Technology (NASDAQ: STX) $16.80 +3.07% – Seagate shares surge to hit new 52-week high

Comcast Corp. (NASDAQ: CMCSA) $15.33 +1.52% - Analyst ups price target and EPS estimates for Comcast

Microsoft Corp. (NASDAQ: MSFT) $29.36 +0.82% – Microsoft’s new MultiPoint Server 2010 product

eBay Inc. (NASDAQ: EBAY) $23.91 +0.63% – eBay Motors offers free vehicle history reports

Activision Blizzard Inc. (NASDAQ: ATVI) $11.44 +0.53% – “Call of Duty: Modern Warfare 2″ sold 4.7 million copies in 24 hours

DryShips Inc. (NASDAQ: DRYS) $6.71 -0.89% – DRYS attracts bullish call spreaders

Dell Inc. (NASDAQ: DELL) $15.45 -0.90% – Downbeat earnings, sales outlook for Dell

Cisco Systems Inc. (NASDAQ: CSCO) $23.40 -2.17% – Cisco shares upgraded to Outperform

Research In Motion Limited (USA) (NASDAQ: RIMM) $62.987 -2.68% – Strong sales predicted for RIM

Applied Materials Inc. (NASDAQ: AMAT) $12.82 -3.25% – Applied Materials plans to cut up to 12% of its global work force

Palm Inc. (NASDAQ: PALM) $11.45 -4.58% – Palm Pre™ Launch in Mexico

Brocade Communications Systems Inc. (NASDAQ: BRCD) $8.08 -12.65% – Brocade to Report Q4 and Fiscal Year 2009 Results on November 24