The San Jose , Calif. , company was up 2-1/8 at 11-3/8 after its announcement Wednesday that it planned to pull out of the highly competitive modem-chip business and focus instead on the fast-growing market for computer networking equipment .
<response> The <location>San Jose</location> , <location>Calif.</location> , company was up 2-1/8 at 11-3/8 after its announcement Wednesday that it planned to pull out of the highly competitive modem-chip business and focus instead on the fast-growing market for computer networking equipment . </response>