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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: Techplayer who wrote (1266)1/4/2003 1:02:21 PM
From: Lizzie Tudor  Read Replies (2) of 1583
 
I think that that the Rhapsody people were posturing and the VC's told them "shut up, we want our money back".

If thats the way it was then I agree with the VCs. I'm sure the brcd offer for rhapsody was made in good faith, everybody knows the market for any sort of technology is like a collapsing tugboat right now.

There are other storage startups on the horizon like Larry's new company and Rhapsody would have to rise above all of those to create any sort of liquidity event. With Brocade they have a guaranteed mkt. Besides who is to say where brcd stock will be 6 mos from now, probably higher and maybe higher than when the purchase was annouced.
Lizzie
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