Brocade Communications Systems, Incorporated (BRCD)
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Michael Klayko, CEO/Director
1745 Technology Drive
San Jose, CA 95110
US
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Phone: (408) 333-8000
Fax: (408) 333-8101
Latest news from Portfolio
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Backdate This: 21 Months in PrisonJan 16 2008
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Jury Finds Brocade Chief GuiltyAug 07 2007
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Judge Mulls Tossing Options CaseJul 09 2007
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SEC to Settle First Backdating CaseMay 31 2007
Overview
The Company is a supplier of storage area network equipment and a provider of data center networking solutions that help enterprises connect and manage their information.
Portfolio Articles
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Backdate This: 21 Months in Prison
Former C.E.O. of Brocade is sentenced.Jan 16 2008 -
Jury Finds Brocade Chief Guilty
In the first case of its kind, a jury decides that Gregory Reyes broke the law while backdating.Aug 07 2007 -
Judge Mulls Tossing Options Case
The fate of Gregory Reyes, former C.E.O. of Brocade, could affect future options-backdating cases.Jul 09 2007 -
SEC to Settle First Backdating Case
The agency is expected to announce a $7 million settlement with Brocade, paving the way for many more cases to close.May 31 2007
News Feeds
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Ahead of the Bell: Analysts divided on Brocade
AP
Sep 18 2008
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Ahead of the Bell: Baird downgrades Foundry
AP
Sep 10 2008
Portfolio Blogs
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A Big Options-Backdating Case Runs Into Trouble
Dec 12 2007
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Brocade's Ex-C.F.O. Accused of Fraud
Aug 17 2007
Press Releases
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Brocade and Oracle Collaborate to Optimize Virtual Machine Performance Over Data Center Networks Sep-23-2008, 08:00AM EDT
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NetApp and Brocade Strengthen Data Centers with New Storage Security Solution Sep-22-2008, 08:00AM EDT
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Customers Give Brocade High Marks for Its Planned Acquisition of Foundry Networks Sep-17-2008, 08:00AM EDT
News From Around the Web
News
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Brocade Encryption Misses Boat - For Now
(Information Week)Oct 06 2008 -
F5 Enhances File Virtualization Storage, Management
(Byte and Switch)Oct 06 2008 -
Brocade Buys Foundry For $3B - Let The FCOE Battles Begin
(Information Week)Oct 06 2008 -
Storage Acquisitions
(Information Week)Oct 06 2008
Blogs
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Top 10 Networking Stocks
(Sramana Mitra on Strategy)Sep 16 2008
Employees
Number of Employees: 2,368
Revenue per Employee: $522,324
Top Executives
Hugues Meyrath, General Manager, Divisional/Vice President
Richard Deranleau, CPA, CFO/Vice President, Divisional
Ian Whiting, Vice President/General Manager, Divisional
Luc Moyen, General Manager, Divisional/Vice President
Tyler Wall, Vice President/General Counsel/Other Executive Officer/Secretary
Tejinder (TJ) Grewal, Vice President, Divisional
Board of Directors
L. William Krause, Director
John W. Gerdelman, Director
David L. House, Chairman of the Board/Director
Robert R. Walker, Director
Dr. Renato (Renny) A. DiPentima, Director
Tyler Wall, Vice President/General Counsel/Other Executive Officer/Secretary
Financials
Quarterly
Annual
| Income Statement | 08/2008 | 05/2008 | 02/2008 | 11/2007 |
|---|---|---|---|---|
| Sales | 189.74 Mil. | 128.72 Mil. | 128.29 Mil. | 132.63 Mil. |
| Gross Operating Profit | 175.96 Mil. | 226.18 Mil. | 219.56 Mil. | 207.36 Mil. |
| Operating Income before D & A (EBITDA) | 22.97 Mil. | 81.75 Mil. | 85.81 Mil. | 71.53 Mil. |
| Total Income Before Interest Expenses (EBIT) | 53.26 Mil. | 50.43 Mil. | 73.84 Mil. | 60.68 Mil. |
| Total Net Income | 20.27 Mil. | 184.79 Mil. | 19.84 Mil. | 32.02 Mil. |
| Basic EPS, Total | 0.05 | 0.49 | 0.05 | 0.08 |
| Diluted EPS, Total | 0.05 | 0.47 | 0.05 | 0.09 |
| BALANCE STATEMENT | 08/2008 | 05/2008 | 02/2008 | 11/2007 |
|---|---|---|---|---|
| Cash and Equivalents | 459.4 Mil. | 513.53 Mil. | 654.28 Mil. | 315.76 Mil. |
| Total Assets | 1.04 Bil. | 999.88 Mil. | 889.67 Mil. | 912.2 Mil. |
| Total Liabilities | 542.39 Mil. | 378.02 Mil. | 329.22 Mil. | 409.7 Mil. |
| Total Capitalization | 1.48 Bil. | 1.55 Bil. | 1.4 Bil. | 1.43 Bil. |
| Cash Flow | 08/2008 | 05/2008 | 02/2008 | 11/2007 |
|---|---|---|---|---|
| Net Cash From Continuing Operations | 71.65 Mil. | 190.16 Mil. | 79.2 Mil. | 170.4 Mil. |
| Net Cash From Investing Activities | -117.21 Mil. | 116.74 Mil. | 61.7 Mil. | 93.64 Mil. |
| Net Cash From Financing Activities | -7.42 Mil. | -108.45 Mil. | -68.26 Mil. | -220.64 Mil. |
| Net Change in Cash & Cash Equivalents | -54.13 Mil. | 197.78 Mil. | 70.84 Mil. | 41.39 Mil. |
| Income Statement | 2007 | 2006 | 2006 | 2004 |
|---|---|---|---|---|
| Sales | 498.75 Mil. | 271.32 Mil. | 205.1 Mil. | 204.23 Mil. |
| Gross Operating Profit | 738.11 Mil. | 479.28 Mil. | 369.02 Mil. | 392.04 Mil. |
| Operating Income before D & A (EBITDA) | 220.39 Mil. | 143.91 Mil. | 111.69 Mil. | 116.81 Mil. |
| Total Income Before Interest Expenses (EBIT) | 151.33 Mil. | 105.43 Mil. | 62.89 Mil. | -7.27 Mil. |
| Total Net Income | 76.87 Mil. | 67.63 Mil. | 43.12 Mil. | -32.02 Mil. |
| Basic EPS, Total | 0.21 | 0.25 | 0.16 | -0.12 |
| Diluted EPS, Total | 0.21 | 0.25 | 0.16 | -0.12 |
| BALANCE STATEMENT | 2007 | 2006 | 2006 | 2004 |
|---|---|---|---|---|
| Cash and Equivalents | 315.76 Mil. | 274.37 Mil. | 182 Mil. | 114.58 Mil. |
| Total Assets | 912.2 Mil. | 692.79 Mil. | 774.09 Mil. | 606.81 Mil. |
| Total Liabilities | 409.7 Mil. | 264.56 Mil. | 464.35 Mil. | 172.65 Mil. |
| Total Capitalization | 1.43 Bil. | 616.23 Mil. | 508.85 Mil. | 797.93 Mil. |
| Cash Flow | 2007 | 2006 | 2006 | 2004 |
|---|---|---|---|---|
| Net Cash From Continuing Operations | 170.4 Mil. | 166.86 Mil. | 125.86 Mil. | 41.98 Mil. |
| Net Cash From Investing Activities | 93.64 Mil. | 194.43 Mil. | 25.14 Mil. | -215.52 Mil. |
| Net Cash From Financing Activities | -220.64 Mil. | -269.04 Mil. | -47.82 Mil. | -72.19 Mil. |
| Net Change in Cash & Cash Equivalents | 41.39 Mil. | 92.37 Mil. | 102.63 Mil. | -245.44 Mil. |
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