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Technology Stocks : Brocade Communications Systems,Inc. (Nasdaq-BRCD)
BRCD 12.730.0%Nov 20 4:00 PM EST

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To: Jack Hartmann who wrote (534)4/22/2000 12:45:00 AM
From: Jack Hartmann  Read Replies (1) of 1583
 
Lockup selling
Brocade Communications shareholder planned sale

Brocade Financial Chief Michael Byrd and Elizabeth Byrd filed to sell 50,000 common shares of the company, sales valued at $7 million in the open market, according to a Form 144 filing the SEC released Friday.

The Byrds planned to sell the shares within 90 days of April 6, using DB Alex. Brown as the broker, according to the filing.

An SEC Form 144 only shows a filer's intent to sell shares. Actual verification of sales, when they occur, is required in later filings.

There are about 117.8 million shares of Brocade (BRCD: news, msgs) outstanding. The stock, which posted a 52-week high of 185 on March 31, fell 27 1/8 to close at 93 7/8.

cbs.marketwatch.com

49 insider trades in March!
insidertrader.com
**********
This should pass in the next few months. May go lower yet.
Jack
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