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Report Claims Ruckus Wireless Is Building Wi-Fi Network With Google; Shares Jump 7% in Pre-Market

Report Claims Ruckus Wireless Is Building Wi-Fi Network With Google; Shares Jump 7% in Pre-Market

Shares in technology provider Ruckus Wireless (RKUS) jumped sharply in the pre-market on Friday after a news report claimed Google (GOOG) was working with Ruckus to build a large-scale wi-fi network in the cloud off of which any business could hang its wireless routers. The report, attributed to news provider GigaOm, cited an unnamed source familiar with the project. The news coincided with a 7.14% increase in Ruckus Wireless' shares to $10.50. According to the GigaOm report, both Google and Ruckus declined to comment.

Report Claims Ruckus Wireless Is Building Wi-Fi Network With Google; Shares Jump 7% in Pre-Market