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Technology Stocks : Brocade Communications Systems,Inc. (Nasdaq-BRCD) -- Ignore unavailable to you. Want to Upgrade?

To: Neville H. J. Gorman who wrote (340)	11/30/1999 9:13:00 AM
From: Mohan Marette	Respond to of 1583

Remember we will begin trading on a split-adjusted basis on Dec. 3 Neville,it should be interesting to watch how the pundits and the market will react to the earnings news, we shall see. In two more days we should have twice as many shares and hopefully twice the fun (I hope).

To: Neville H. J. Gorman who wrote (340)	11/30/1999 9:55:00 AM
From: Mohan Marette	Read Replies (1) \| Respond to of 1583

STOCKS TO WATCH: Brocade Communications, Dell, EMusic.com, Informatica and ITC DeltaCom Neville: This is certainly an amusing reaction by the market to the news and these guys turned out to be wrong with respect to BRCD,at least so far. ============= By Larry Barrett ZDII Expect the following technology stocks to be among Tuesday's most actively traded issues: Brocade Communications, Dell, EMusic.com, Informatica and ITC DeltaCom. Brocade Communications Systems Inc. (Nasdaq: BRCD) Even at $320 a share, it's safe to assume Brocade's ascent will continue Tuesday after it rolled past analysts' estimates in its fourth quarter, earning $3.6 million, or 12 cents a share, on sales of $30.1 million. First Call consensus expected the network equipment maker to earn 8 cents a share in the quarter. Ahead of the earnings report, Brocade shares scampered up $13 a share to an all-time high of $320. The $30.1 million in sales represents a staggering 457 percent improvement compared to the year-ago quarter when it lost $3.1 million, or 17 cents a share, on sales of $5.4 million. Since its spectacular initial public offering in May, Brocade shares have made beeline north. The company announced a 2-for-1 stock split on Nov. 8 effective Dec. 3. For the year, Brocade raked in $2.5 million, or 10 cents a share, on sales of $68.7 million. That's a 187 percent jump in sales from fiscal 1998 when it lost $15.1 million, or 84 cents a share, on sales of $24.2 million. Analysts were expecting a loss of 2 cents a share in the fiscal year. zdii.com