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  • For the quarter ended July 26, the San Jose, Calif., data-storage networking company reported net income of $20.3 million, or five cents a share, compared to $10.7 million, or three cents a share, a year earlier when results included costs related to the acquisition of McData.

    Brocade's Net Income Nearly Doubles

  • The analyst said Brocade will likely see incremental competition when Cisco Systems and McData move into 4Gb, though Brocade's current advantage should allow it to increase its overall installed base and provide more up-sell opportunities for the next couple of quarters at least.

    Brocade Upside Limited Despite Positive Outlook

  • Indeed, yet another pair of competitors capitulated to Cisco's scale on Tuesday with networking storage switch maker Brocade Communications Systems purchasing rival McData for $713 million.

    Cisco Shows Who's Boss

  • McData preannounced second-quarter revenue of $150 million to $152 million, well below its previous guidance of $170 million to $180 million.

    Brocade Nosedives On McData Acquisition

  • Shares of data storage networking company Brocade Communications sank on Monday following news that it will acquire rival McData in a deal Brocade said will bring savings of approximately $100 million annually.

    Brocade Nosedives On McData Acquisition

  • In company news, shares of McData may be under pressure after the company posted a bigger loss in the third quarter than it did a year ago, reflecting falling sales of its network storage equipment.

    A Pickup From Detroit

  • Under terms of the all-stock deal, holders of McData Class A and Class B shares will receive 0.75 shares of Brocade for each McData share.

    Brocade Nosedives On McData Acquisition

  • McData shares rose 4% in extended trading after the company reported fourth-quarter earnings above consensus estimates.

    Eye On Stocks For Friday, March 10, 2006Eye On Stocks For Friday, March 10

  • A.G. Edwards analyst Aaron Rakers downgraded shares of McData to "hold" from "buy."

    Brocade Nosedives On McData Acquisition

  • So I understand giving us information on sell in and sell-through but why can't you restructure just the way that McData did?


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