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Technology Stocks : Son of SAN - Storage Networking Technologies -- Ignore unavailable to you. Want to Upgrade?

To: Bruce Brown who wrote (4415)	2/17/2002 1:05:32 AM
From: stockman_scott	Respond to of 4808

Survey Finds IT Demand Is Rebounding thestreet.com

To: Bruce Brown who wrote (4415)	2/25/2002 6:32:38 PM
From: stockman_scott	Respond to of 4808

Brocade says suit could drag out, business on track Monday February 25, 12:40 pm Eastern Time SAN FRANCISCO, Feb 25 (Reuters) - Computer storage network maker Brocade Communications Systems Inc.(NasdaqNM:BRCD - news) Chief Financial Officer Tony Canova said on Monday business had not been affected by a suit over technology by rival McData Corp. (NasdaqNM:MCDT - news). Canova told investors at a conference that the dispute could drag out for months or years but that customers were not canceling orders, and he did not expect them to. ``Our quarter is tracking as expected,'' said Canova, who had said on Feb. 13 that he was comfortable with Wall Street analysts' forecasts for the quarter. Analysts saw $128 million revenue and 6 cents earnings per share for the fiscal second quarter ending in April, Thomson Financial/First Call said at the time. ``But from a timing standpoint, it (resolution of the suit) could be months, it could be years,'' Canova said. Brocade switches tie together storage networks, and McData alleges that Brocade, rolling out a new product line that competes strongly with McData, has infringed on a patent covering technology that measures and filters data traffic within a switch. Canova said that McData had not asked courts to stop Brocade from using the technology. ``The chances of them being granted an injunction is incredibly remote,'' he added. ``It is clearly a very important technology,'' he said on the sidelines of a conference hosted by Robertson Stephens. But, he told investors, it was not crucial. ``The products would work with frame filtering technology turned off, if that was a worst case,'' he said. Brocades shares have fallen sharply since McData announced the suit on Feb. 14. Brocade shares were up 19 cents for the day at $25.80 on the Nasdaq on Monday but were down from a close of $32.64 close on Feb. 14. Canova repeated Brocade's assurance that its claim to the technology was valid. ``This is a technology that we have had for a very long time,'' he said.