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

To: Bruce Brown who wrote (4447)	3/7/2002 11:16:39 AM
From: J Fieb	Respond to of 4808

Bruce B., IBM got a contract, just a little 500 million deal. ..... IBM inks $500 million deal with Nestle By Reuters March 6, 2002, 9:25 PM PT IBM said Thursday it signed a five-year, $500 million agreement to provide computers and software to Nestle, the world's largest food group. The deal is a promising sign for IBM, especially since most analysts expect corporate technology spending to decline this year, despite recent signs of a rebound in other sectors of the U.S. economy. "This is an end-to-end IBM delivery of hardware, software and services," said Christian Nivoix, general manager of IBM's worldwide distribution sector. Armonk, N.Y.-based IBM said Nestle, based in Vevey, Switzerland, had agreed to equip five new data centers with IBM products including computer servers, storage systems and database software. IBM said Nestle will use the data centers to support its release out of business software applications from SAP, including programs which automate tasks such as financial, human resources and customer service processes. This agreement differs from many of IBM's recent pacts in which companies transfer data center operations to IBM to manage because the agreement involves only a small amount of services, Nivoix said. Nestle will operate the data centers itself, he said. Revenue in IBM's services division increased last year; hardware revenue suffered as companies held back on spending on technology infrastructure. IBM said the data centers will include IBM's Unix operating system-based computer servers and servers built with Intel semiconductors, data storage machines, storage area networks, database software and software that manages a company's computer systems and operations. Story Copyright © 2002 Reuters Limited. All rights reserved.

To: Bruce Brown who wrote (4447)	3/8/2002 8:58:10 AM
From: stockman_scott	Read Replies (1) \| Respond to of 4808

Class Action Securities Litigation Against Brocade is Dismissed SAN JOSE, Calif., March 7 /PRNewswire-FirstCall/ -- Brocade Communications Systems, Inc. (Brocade®) (Nasdaq: BRCD - news) announced today that a shareholder class-action securities lawsuit against the company has been dismissed. Yesterday, the United States District Court for the Southern District of New York entered an order dismissing without prejudice the claims against the company and its officers and directors in the shareholder class-action lawsuit filed in July 2001. The class-action lawsuit asserted violations of the federal securities laws relating to how the underwriters of the company's initial public offering allegedly allocated the company's IPO shares to the underwriters' customers. ``We have always maintained that these charges are unfounded, and we are pleased that the court agreed with us and dismissed this unwarranted lawsuit,'' said Ron Epstein, Brocade Vice President and General Counsel. The Palo Alto law firm of Wilson, Sonsini, Goodrich & Rosati represented Brocade and its officers and directors in the lawsuit. About Brocade Communications Systems, Inc. Brocade offers the industry's leading intelligent platform for networking storage. The world's leading systems, applications, and storage vendors have selected Brocade to provide a networking foundation for their SAN solutions. The Brocade SilkWorm® family of fabric switches and software is designed to optimize data availability and storage and server resources in the enterprise. Using Brocade solutions, companies can simplify the implementation of storage area networks, reduce the total cost of ownership of data storage environments, and improve network and application efficiency. For more information, visit the Brocade website at www.brocade.com or contact the company at info@brocade.com. NOTE: Brocade, the B weave logo and SilkWorm are registered trademarks of Brocade Communications Systems, Inc. or its subsidiaries in the United States or in other countries. All other brands, products, or service names are or may be trademarks or service marks of, and are used to identify, products or services of their respective owners. All products, plans, and dates are subject to change without notice. SOURCE: Brocade Communications Systems, Inc. ________________________ btw, BRCD has THE BEST high tech law firm in the country as its outside counsel...Wilson Sonsini is a powerhouse and rarely ever loses...I believe one of their partners is on the Brocade board and I have no worries at all about the MCDT case. I am a little biased though since I am holding BRCD in a position trading account...it should be a good day to be long as the NAZ futures are WAY UP...=)