9X what? past earnings? Wall Street doe not care about past earnings. 9X future earnings? Nobody knows Brocade's future earnings. Throughout its history Brocade's business operating results have been very inconsistent. The stock price has, on occassion, had very brief upwards spikes, only to quickly fall back down to historical, relatively low market cap valuations. Bottom line is that Brocade has always been a poorly managed company with dismal operating results. It's stock price history reflects that.