It's not just Brocade but most techs are doing poorly because companies are not spending!
Blame Bernanke and 0% rates & QE. The game today is this. Companies are issuing CDO's at near 0% and using that money to buy back stock manufacturing EPS. Top lines are all down. CEO's are not hiring nor investing in their businesses. That's why no tech buying. Buy only what breaks for the most part. They simply are looking to cut costs and play the game and cash their options.
Also we have lousy economic policy from the administration. Time for Obama & Bernanke to both take a hike!
That has been the case for decade.... No one will ask it and it wont change until you have new leadership which best case is not until next year's proxy. Nothing will change, it never does. The MGMT and BOD are happy, they are very very very well compensated for failure to the shareholders!