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Brocade Communications Systems, Inc. Message Board

  • MCROC43 MCROC43 Apr 14, 2004 10:58 AM Flag

    Fidelity's Interest...

    You have to admit, with Fidelity buying into a 34,000,000 share stake, it makes you kind of wonder what they see in BRCD's future. I joined the team yesterday at $6.64.We'll see soon I'm sure.

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    • Geez, you people still don't get it!!
      They did NOT buy 34 million shares of BRCD, they are merely the conduit "of record" in charge of distribution of said shares!!!
      The old "indirect holdings" is not a good thing. -Increases float-dilution, forebods of upcoming increase in losses, hence a watering down of possible futire losses being spread out over these new increase in shares outstanding.
      OR, the insiders simply are now able to excercise timed options and want to sell.
      Any way you slice it, this is NOT a simple outright buy by FMR of BRCD shares.
      Get a clue people.
      sjbny

 
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