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

To: Mohan Marette who wrote (402)	1/14/2000 3:30:00 PM
From: Mohan Marette	Read Replies (1) \| Respond to of 1583

Insider buys +31K shares worth $4 million Brocade director Neal Dempsey bought 31,070 common shares of the company in December, according to a Form 4 the SEC released on Friday. Dempsey purchased the shares, a transaction valued at $4 million, on Dec. 7, according to the filing. Shares of Brocade (BRCD: news, msgs), which makes fibre channel switches and software used in storage area networks, have risen sharply since the company went public at $19 a share in May. Robertson Stephens reiterated a "buy" rating on the company on Wednesday and boosted its earnings per share estimates for fiscal 2000 to 39 cents from 35 cents. Shares of Brocade were trading down 5 at 155 5/8 on Friday cbs.marketwatch.com