Stocks That Created New 52-Week Highs (PLXT, QLGC, SABA, SORL, JAVA)

PLX Technology Inc (NASDAQ: PLXT) shares climbed 6.41% to $4.65, creating a new 52-week high. PLXT designs, develops, manufactures and sells integrated circuits.

QLogic Corporation (NASDAQ: QLGC) shares jumped to $20.51 to create a new 52-week high, before slipping to $20.41, reflecting a 7.99% gain. QLGC’s shares were driven by the forecasted recovery in server sales for this year made by BMO Capital Markets.

Saba Software Inc (NASDAQ: SABA) shares rose 3.11% to form a new 52-week high of $4.64. SABA has appointed Jim Lundy to the newly created position of Vice President and General Manager of Collaboration.

SORL Auto Parts Inc (NASDAQ: SORL) shares gained 8.15% to $11.81, creating a new 52-week high. SORL’s subsidiary, Ruili Group Ruian Auto Parts Co Ltd, has been awarded the Chinese government's "High-Tech Enterprise" designation.

Sun Microsystems Inc (NASDAQ: JAVA) shares moved up 0.05% to create a new high of $9.41. JAVA, along with Fujitsu, has launched an enhanced SPARC Enterprise M3000 server that is fitted with the new 2.75GHz SPARC64 VII processor.