Shares of Mellanox Technologies Inc., an Israeli manufacturer that designs chips for the InfiniBand data exchange standard and Ethernet, reached record highs Friday when the company's quarterly profit surpassed expectations. The technology consistently out-performs analysts' estimations on storage, data and cloud trends. The chips handle the communication between servers and data storage systems. "This is the second quarter in a row that Mellanox breaks every growth record possible and raises the level of …More

Sources inform ''Globes'' that Infiniband developer Mellanox Technologies Ltd.plans a secondary offering on Nasdaq today. In the shelf prospectus filed with the US Securities and Exchange Commission (SEC) yesterday, the company said that it would issue three million shares. The underwriters are JP Morgan Securities LLC, Credit Suisse Securities (USA) LLC and Barclays Capital Inc., with Stifel Nicolaus Weisel as the co-manager. The underwriters have an over-allotments offer to buy up to 450,000 additional shares. …More