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Brocade Communications Systems, Inc. Message Board

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  • saluki_85 saluki_85 Feb 23, 2005 10:50 AM Flag

    Some BIG IDIOT is domping this POS

    Flat outlook for Q2. And it will rise as we approach the end of the second quarter because this is probably a very conservative outlook and they will probably come in higher. It's all about daytraders and in the short term they will bring it down to 6 where it looks attractive again.

    Looking ahead, the company said it expected $155 million to $161 million in revenue in its second quarter ending in April, on the low side of Wall Street forecasts, amid an industry-wide shortage of disk drives used in its products.

    Canova said disk drive supplies may be tight for the next couple of quarters -- a nearly industry-wide complaint.

    "We are more cautious on Q2 (second quarter) as a result," Canova told investors on a conference call.

    Analysts had been looking for second-quarter revenue to range between $156 million and $164 million, according to Reuters Estimates. The average forecast was $160.5 million, near the high end of the company's revised outlook.

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8.88-0.67(-7.02%)Jun 24 4:00 PMEDT