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Technology Stocks : Brocade Communications Systems,Inc. (Nasdaq-BRCD)

BRCD 12.73

0.0%

Nov 20 4:00 PM EST

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To: Fred Williams who wrote (485)	3/8/2000 12:06:00 PM
From: Mohan Marette	Read Replies (1) of 1583

I guess this news is what spooked some people out of their shares,geeez. It is not even too many shares and it looks like he already sold it on 2nd. Too bad some got scared. =============== Brocade chairman planned to sell 100,000 shares By Amanda Tyler, CBS MarketWatch Last Update: 9:36 AM ET Mar 8, 2000 Edgar Filings WASHINGTON (CBS.MW) -- Brocade Communications Chairman Seth Neiman filed to sell 100,000 shares of the computer networking company, a sale valued at $30 million in the open market, according to a Form 144 the Securities and Exchange Commission released Tuesday. Neiman planned to sell the shares on March 2, using Goldman Sachs as the broker. San Jose, Calif.-based Brocade (BRCD: news, msgs) provides switching products for storage area networks, which apply a networked approach to the connection of storage systems and servers. 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 an estimated 26.7 million shares of Brocade outstanding. The stock rose 8 7/16 to close at 329 15/16 on Tuesday.

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