Brocade Communications Systems, Inc. Announces Initial Public Offering
SAN JOSE, Calif., May 25 /PRNewswire/ -- Brocade Communications Systems, Inc. (BROCADE(R)) today announced the initial public offering of 3,250,000 shares of its common stock at a price of $19 per share. The shares, all of which were offered by BROCADE, are being traded on the Nasdaq National Market under the symbol "BRCD." The company has granted the underwriters an option to purchase up to an additional 487,500 shares of common stock to cover over-allotments, if any.
The offering was led by Morgan Stanley Dean Witter and co-managed by BT Alex. Brown and Dain Rauscher Wessels. A copy of the final prospectus may be obtained from the offices of Morgan Stanley & Co. Incorporated, 1585 Broadway, New York, New York, 10036.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Brocade Communications Systems, Inc.
BROCADE is a leading supplier of open Fibre Channel Fabric solutions that provide the intelligent backbone for Storage Area Networks (SANs). The BROCADE SilkWorm(R) family of Fibre Channel switches and SAN management software are designed to optimize data availability in the storage 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 and performance.
BROCADE is committed to maintaining open, standards-based solutions. Leading systems, applications, and storage vendors have selected BROCADE as their Fibre Channel connectivity standard, including CNT, Compaq Computer, Dell Computer, Groupe Bull, McDATA Corporation, Network Appliance, Sequent, Siemens Computer Systems, and StorageTek. In addition, BROCADE counts industry leaders Emulex, Legato, QLogic, and VERITAS among its strategic partners.
The company's headquarters is at 1901 Guadalupe Parkway, San Jose, CA 95131. Visit BROCADE at brocade.com, or contact the company at info@brocade.com.
NOTE: BROCADE, SilkWorm, SilkWorm Express, Fabric Integrator, FABRIC OS, and FABRIC 2000 are trademarks or registered trademarks of Brocade Communications Systems Incorporated, in the United States and/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.
SOURCE Brocade Communications Systems, Inc.
CO: Brocade Communications Systems, Inc.
ST: California
IN: CPR TLS
SU: OFR
05/25/99 09:02 EDT prnewswire.com |
