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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: Ibexx who wrote (711)	2/21/2001 6:16:33 PM
From: Ibexx	Read Replies (2) of 1583

Brocade sees Q2 sequential sales rise modest at best SAN FRANCISCO, Feb 21 (Reuters) - Brocade Communications Systems Inc.<BRCD.O> executives said on Wednesday they were concerned about the effect of the softening economic climate and forecast revenue growth could be flat, sequentially, in the current second fiscal quarter. Chief Financial Officer Mike Byrd told analysts in a conference call that revenue growth would be flat or show a "very modest" rise in the second quarter on the first, and there would be sequential rises of 19 percent in the third and fourth quarters. Brocade, which makes routers and software for computer data storage networks, was targeting earnings per share of 60 cents for the fiscal year, Byrd said. "The greatest factor clouding our vision is conservative forecasting on the part of our channel and our field. I also think there is a smattering of segments that were strong last year that aren't strong this year," Chief Executive Officer Greg Reyes said. Ibexx

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