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To: J Fieb who wrote (3142)	4/20/2001 9:10:19 AM
From: trendmastr	Read Replies (2) \| Respond to of 4808

Brocade Announces Preliminary Q2 01 Financial Results SAN JOSE, Calif.—April 20, 2001—Brocade Communications Systems, Inc. (Brocade®) (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.