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Strategies & Market Trends : Sharck Soup
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To: GREENLAW4-7 who wrote (17489)4/20/2001 8:35:17 AM
From: 2MAR$  Read Replies (2) of 37746
 
Brocade Warns... Announces Preliminary Q2 01 Financial Results

SAN JOSE, Calif., April 20 /PRNewswire Interactive News Release/ --
Brocade Communications Systems, Inc. (Brocade(R)) (Nasdaq: BRCD) announced
today preliminary results for the second quarter of fiscal 2001. Brocade
expects to report total net revenue for the second quarter of fiscal 2001
(Q2 01) that will be approximately 30 percent less than the net revenue
reported in the first quarter of fiscal 2001 (Q1 01). Diluted net income per
share for Q2 01 is expected to be in the range of $0.05-$0.06 per share.
During the second quarter, Brocade expects that gross margins will remain in
the 60 percent range and will continue at those levels for the next several
quarters. Additionally, Brocade expects that DSOs will be within the target
range of 50 to 60 days.
Brocade will host a live a conference call today at 6:00 am Pacific Time
to discuss the preliminary financial results. To listen to the call, dial
719-457-2650, or connect via the Brocade web site at www.brocade.com. A replay
of the conference call will be available following the call. Details on the
replay are available at www.broacade.com. Brocade plans to announce complete
second quarter results on May 15, 2001 at 1:00 pm Pacific Time.
"We are sober about the affect that the economy has had on the economy ..
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