BUZZ-DragonWave surges 80 pct on online store launch, Mitel deal

Wed Mar 30, 2016 11:41am EDT
 
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** Canadian wireless networking equipment maker's U.S.-listed shares up 61.5 pct at $3.94; Toronto-listed shares up 58.5 pct at C$5.15

** U.S.-listed stock rises as much as 80 pct, its second-biggest intraday percentage gain ever

** Company opens online store to streamline ordering and delivery of parts and accessories for maintenance of networks using its microwave radios

** DragonWave also says on Tuesday it is partnering with Mitel Networks Corp to develop 5G network project

** Mitel's U.S.-listed shares up 5 pct at $7.93

** Up to Tuesday's close, company's U.S.-listed stock had fallen more than 83 pct in past 12 months