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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: Mohan Marette who wrote (447)2/18/2000 2:16:00 PM
From: Mohan Marette  Read Replies (1) of 1583
 
Comments- Glen Ingalls(Wit/SoundView), CEO Reyes-New Sales Agreements

'It's clear that the market is accelerating faster than even the company is expecting,' said Glen Ingalls, an analyst at Wit SoundView who rates Brocade a 'strong buy.'

Brocade made sales agreements for its products in the quarter ended Jan. 29 with Hewlett-Packard Co. and Amdahl Corp. They add to agreements with Compaq Computer Corp., Dell Computer Corp. and International Business Machines Corp., among others.

'Information-storage and data-availability requirements are increasing at staggering rates,' Greg Reyes, Brocade's chief executive, said yesterday in a statement.
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