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Brocade Lands DTCC deal: Page 3 of 3

The DTCC storage network is based on Brocade’s SilkWorm 2800 16-port switches. It interconnects servers and storage from multiple vendors and supports mirrored data and dynamic failover to back up data in case of application or system failure.

The announcement isn't hurting Brocade any. In late afternoon trading Monday, Brocade shares were trading at 45.33, up 2.78 (6.55%).

Analyst Shaw Wu at Banc of America Securities LLC said in a midday note to clients that, based on his industry and channel research, Brocade is on track to meet or exceed fiscal third-quarter earnings and revenue estimates.

— Jo Maitland, Senior Editor, Byte and Switch http://www.byteandswitch.com

Movers and shakers from more than 100 companies – including Brocade and EMC – will be speaking at StorageNet, Byte and Switch’s annual conference, being held in New York City, October 2-5, 2001. Check it out at StorageNet2001