In the second quarter of 2004, Brocade plans a new product based on the Fabric Application platform it acquired by buying Rhapsody; and it's expected to complete a deal with Dell Computer Corp. (Nasdaq: DELL) for low-end switches. Reyes said he expects revenue from the high-end fabric application switch in the third quarter (see Brocade Reupholsters Rhapsody).
We plan on taking share in the director space, and we plan to grow in the low end, Reyes said.
Will that leave McData to gain in the middle? Analysts say Brocade had to reduce its midrange pricing to compete with McDatas Sphereon 4500 this year. McData already announced it would miss expectations for the current quarter because of pricing pressures, but McData CEO John Kelley claimed the company would make up that revenue in future quarters.
Now that you can see the Brocade quarter, you have to be confident McData will regain the revenue lost in [this] quarter, Berg says.
Meanwhile, in an 8-K filing yesterday, Brocade disclosed that it purchased the San Jose, Calif., building that it currently leases for its engineers. The company anticipates taking a $75 million to $85 million charge next quarter in costs related to the purchase.
To realize the benefits of cloud-native software, an application must actually be cloud-native—designed to run in the cloud, interacting with disaggregated cloud services, fully manageable as code—to deliver the expected benefits.
By combining resources and expertise, the AI-Enabled ICT Workforce Consortium will offer a blueprint for how industries can adapt to an AI-dominated future.
IT leaders should heed the guidance of cybersecurity insurance providers who think businesses should prioritize security education, incident preparedness, regular internal audits, and ongoing vulnerability scanning and patching.
