Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Bo Le who wrote (591)	8/16/2000 6:42:40 PM
From: Neville H. J. Gorman	Read Replies (2) \| Respond to of 1583

Well Bo, trade what you have to trade! I´m holding. AH $201 doesn´t mean much. If I see $400 one year from now I´m happy. I´m not asking for more. Good luck with your short. I´m certain you will succeed if your timing is right... Good luck, Neville ( taking the long term view with JDSU, SDLI, BRCM, AMCC, PMCS, BRCD, CREE, NTAP, EMLX, QLGC, IRF, EMC, CSCO; hoping for good entries for PWER + SYXI)...

To: Bo Le who wrote (591)	8/16/2000 8:34:47 PM
From: jhg_in_kc	Read Replies (1) \| Respond to of 1583

Brocade's Third-Quarter Profits Soar 12-Fold PALO ALTO, Calif. (Reuters) - Brocade Communications Systems Inc. (NasdaqNM:BRCD - news), a maker of high-speed computer switches for data storage networks, on Wednesday reported third-quarter profits that soared 12-fold as sales more than tripled. Earnings for the period ended July 29 rose to $20.1 million, or 16 cents a share, from $1.61 million, or 1 cent, a year ago. Sales rose to $92.1 million from $20.1 million. The results topped the consensus forecast of 14 cents expected by analysts polled by First Call/Thomson Financial. Brocade, which makes fiber channel switches that connect storage area networks, or SANs, that are up to 6 miles apart, benefited from the surging growth of the Internet digitization of data and the need to offer faster access to storage systems connected to the Internet. ``Data storage requirements continue to increase across the board at a staggering rate,'' said Greg Reyes, president and chief executive, in a statement. He added that it was the eighth consecutive quarter of accelerating sales growth. Shares of San Jose, Calif.-based Brocade fell 5-3/4 to 196-3/4 on the Nasdaq. The stock is down from its record high of $219.75 reached Aug 9, but has more than doubled this year.