Silicon Valley stocks: VMWare plunges, Maxim soars on M&A reports
January 29, 2018 at 16:34 PM EST
Shares of Palo Alto-based VMWare plunged 16.57 percent on Monday on a report that it may do a reverse merger with Dell Technologies. Meanwhile, Maxim Integrated Products (NASDAQ: MXIM) jumped 12.3 percent after a CNBC report said the Japanese chipmaker is in talks to buy the San Jose company in a deal that could be worth up to $20 billion.