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BROCADE-COMMUNICATIONS-SYSTEMS

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Brocade CEO says company not for sale, shares drop

Shares of Brocade Communications Systems Inc. fell Tuesday after the company denied speculation that it's looking for a buyer.

Ahead of the Bell: Brocade dips on slower 1Q sales

Shares of Brocade Communications Systems Inc. fell Tuesday after the company said revenue for the first quarter won't be as strong as past quarters and an overall rebound isn't expected until the back end of the fiscal year.

Brocade 4Q profit drops on costs; backs guidance

Networking gear maker Brocade Communications Systems Inc. said Monday its fourth-quarter profit fell 6 percent as hefty costs offset a surge in revenue, but reiterated its guidance for fiscal 2010.

Ahead of the Bell: Brocade shares jump

Shares of Brocade Communications Systems Inc. jumped in premarket trading Monday after a report the network gear and data storage company is up for sale.

Brocade stock ticks higher on upgrade

Shares of Brocade Communications Systems Inc. notched higher Monday after an Argus Research analyst upgraded the stock on signs that business in the computer-networking world is improving.

Brocade deepens IBM ties, steps up attack on Cisco

Brocade Communications Systems Inc. is deepening its ties with a powerful ally, IBM Corp., forging a new distribution deal for Internet routers and switches at a time when bigger rival Cisco Systems Inc. is straining some of its old relationships.

Brocade shares jump after RBC upgrade

Shares of Brocade Communications Systems Inc. climbed Thursday after an analyst upgraded the data storage equipment maker, saying that concerns that the company may break debt covenants are "dissipating."

Brocade posts 1Q loss; adjusted results top Street

Brocade Communications Systems Inc. on Thursday reported a fiscal first-quarter loss on heavy legal fees and stock-compensation charges, but adjusted results beat Wall Street estimates.

Brocade deals for Foundry Networks in Cisco salvo

Brocade Communications Systems Inc., dominant in an obscure corner of the data storage market, wants a piece of a bigger pie: Cisco Systems Inc.'s cash cow business of networking equipment that shuttles Internet traffic.

Brocade to pay $160M to settle options lawsuit

Brocade Communications Systems Inc. has agreed to pay the plaintiffs in a class-action lawsuit $160 million to settle allegations the networking equipment maker hurt investors by tampering with stock options, the company said Monday.

Former Brocade Personnel Chief Sentenced

The former human resources chief of Brocade Communications Systems Inc. was sentenced on Wednesday to 4 months in prison and ordered to pay a $1.25 million fine for her role in a stock options backdating scheme.

Ex-Brocade CEO Sentenced to 21 Months

For two years now, a lingering question surrounding the stock options scandal that triggered criminal charges against at least a dozen executives has been just how severely the courts would punish defendants who are convicted.

Judge Denies Motion in Brocade Case

A former Brocade Communications Systems Inc. executive who was convicted in a landmark stock options case won't get a new trial, despite a key prosecution witness recanting parts of her testimony, a judge ruled Wednesday.

Ex-CEO Vouches for Convicted Colleague

The former chief executive of Brocade Communications Systems Inc. vouched for his co-defendant in a closely watched stock options backdating case, asserting in documents unsealed Wednesday that she didn't know she was executing improper transactions.

Brocade Exec Guilty in Stock Option Case

The former vice president of human resources at Brocade Communications Systems Inc. was convicted Wednesday in the company's second criminal stock options backdating case to go to trial.

Defense Rests in Second Brocade Trial

Lawyers defending a former executive on criminal charges over the backdating of stock options at Brocade Communications Systems Inc. rested their case Monday, a week after the trial began.

Former Brocade HR Chief Goes on Trial

Prosecutors argued Monday that a former Brocade Communications Systems Inc. executive was a key enforcer in an illegal accounting scheme, while her attorney said she was just following instructions when she backdated stock options.

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