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 : The New QLogic (ANCR) -- Ignore unavailable to you. Want to Upgrade?

To: Lhn5 who wrote (22069)	5/25/1999 2:54:00 PM
From: Nine_USA	Read Replies (1) \| Respond to of 29386

At 45 1/2, BRCD is up over the 35 3/4 open by more than ANCR's MarketCap

To: Lhn5 who wrote (22069)	5/25/1999 3:24:00 PM
From: Bob Frasca	Read Replies (1) \| Respond to of 29386

"...Regarding Brocade's cash and stock price, what kind of options packages will they be offer..." While I'm sure that some engineer could conceivably make a job decision based on the stock market, in my opinion, this is unlikely. I'm sure that Brocade has been offering stock as an incentive all along. I'm confident that some of the 26,000,000 shares that are NOT being sold today have been earmarked for an incentive program. In 1989, I went to work as a contractor for Perot Systems. The company had been in business for only a month or two and 95% of the 70 or so employees were ex-EDS'ers lured away with stock and options. Most of them took pay cuts and the organization was very demanding. (They AVERAGED 65 hours per week.) They gambled that, like the first 500 or so employees at EDS, it would eventually pay off for them. Took ten years for that IPO to materialize but I'll wager most of my former colleagues are millionaires now if they stuck it out. I do agree with you that ANCR just might offer more opportunity for growth; however, I suspect it would be because of technical opportunities as well as corporate culture issues. It's interesting to note that there are an awful lot of ex-Brocade employees out there. Might this suggest that all is not sweetness and light in Brocade-land? Take a look at Cabletron Systems. They have been struggling for several years. It's common knowledge here in New England that there's a "Big brother is watching" culture there and employee morale is non-existent. It's been said that they even monitor outgoing calls to their competitors. Brocade is enjoying their moment in the sun today. The next six or eight months should prove to be interesting. Regards, Bob

To: Lhn5 who wrote (22069)	5/25/1999 4:36:00 PM
From: trendmastr	Respond to of 29386

Brocade soars after IPO, barnesandnoble.com up NEW YORK, May 25 (Reuters) - Brocade Communications Systems Inc. (Nasdaq:BRCD - news) a company involved in connecting computer servers and storage devices, more than doubled in its public debut Tuesday while Internet retailer barnesandnoble.com (Nasdaq:BNBN - news) rose 38 percent in a debut analysts described as weak. ''I expected it (barnesandnoble.com) to do much better than that,'' said Steve Tekirian at Standard & Poor's. ''The Internet IPO (initial public offering) market is losing a bit of its luster,'' he added. In a sign of strong demand, Brocade's IPO range was increased to $15 to $17 from $8 to $10 prior to the offering. By early afternoon it was trading at $41, up $22. Barnsandnoble.com was trading at $24.25 in the early afternoon, up $6.25. ''They (Brocade) are the leader in their niche,'' said Paul Bard at Renaissance Capital Corp. ''They help to manage data flow,'' he added. ''As more and more information is coming in via the Internet and Intranets, the need to manage data is increasing,'' Bard said. Over the past decade, the volume of data that is being captured, processed and stored in business environments has exploded, creating a data transmission bottleneck between storage systems and servers, according to the company. Brocade provides its SilkWorm switches to help increase the size of a company's data storage system network, while improving tasks such as reliable backup and restore and disaster recovery. In addition to Brocade's offering, mortgage banking company Prism Financial (Nasdaq:PRFN - news) and U.S. pipeline asset manager TC Pipelines LP (Nasdaq:TCLPZ - news) also brought their shares to the public on Tuesday. Prism traded up $4.125 at $18.125 while TC Pipelines was up 50 cents at $20.50. S&P's Tekirian said, ''Any time there is a broadening interest in the market, there will be a better chance for non-Internet related IPOs.'' ----------------------------------------------------------------------