International Business News - BRCD http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Brocade Communications Systems Inc. said Tuesday that it entered into a $1.2 billion secured credit facility with Bank of America to finance a portion of its acquisition of Foundry Networks Inc. http://www.ibtimes.com/articles/20081007/brocade-gets-1-2b-financing-for-foundry-deal.htm Tue, 07 Oct 2008 18:26:41 EDT Business spending on information technology is starting to look shaky, an RBC Capital Markets Corp. analyst wrote Thursday as he slashed estimates for next year's earnings at more than a dozen IT vendors. http://www.ibtimes.com/articles/20080925/ahead-of-the-bell-rbc-mows-down-it-ratings.htm Thu, 25 Sep 2008 09:11:14 EDT Among the premarket stories for Thursday, Sept. 18, from AP Financial News: DETROIT (AP)--An analyst on Thursday upgraded shares of Advance Auto Parts Inc. from "Neutral", adding them to his "Conviction Buy List" due to falling crude oil prices and auto parts customers having a lower exposure to credit challenges when compared with other retailers. http://www.ibtimes.com/articles/20080918/premarket-roundup-advance-auto-parts-town-sports.htm Thu, 18 Sep 2008 10:10:11 EDT Analyst opinion on Brocade Communications Systems Inc. was split Thursday, a day after the company provided a forecast for next year that missed Wall Street estimates. http://www.ibtimes.com/articles/20080918/ahead-of-the-bell-analysts-divided-on-brocade.htm Thu, 18 Sep 2008 08:50:10 EDT Among the premarket stories for Wednesday, Sept. 10, from AP Financial News: NEW YORK (AP)--Investors may flock to shares of FedEx Corp. on Wednesday, after the package delivery company boosted its fiscal first-quarter earnings prediction on lower-than-expected fuel costs and tight cost management. http://www.ibtimes.com/articles/20080910/premarket-roundup-fedex-healthways.htm Wed, 10 Sep 2008 09:17:47 EDT A Baird analyst downgraded Foundry Networks Inc. Wednesday because the stock is near his $19 target price, which is based on a buyout offer from Brocade Communications Systems Inc. http://www.ibtimes.com/articles/20080910/ahead-of-the-bell-baird-downgrades-foundry.htm Wed, 10 Sep 2008 09:08:10 EDT A federal judge Monday rejected a plea deal that had called for Broadcom Corp. co-founder Henry Samueli to get probation rather than prison for his role in a stock options backdating case that led to the largest corporate writedown of its kind. http://www.ibtimes.com/articles/20080908/judge-says-no-on-plea-deal-for-broadcoms-samueli.htm Mon, 08 Sep 2008 16:27:30 EDT Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market: NYSE http://www.ibtimes.com/articles/20080813/gm-deere-canadian-solar-among-big-movers.htm Wed, 13 Aug 2008 18:28:51 EDT Brocade Communications Systems Inc. shares rose Wednesday after the networking equipment maker reported fiscal third-quarter nearly doubled to beat analyst estimates. http://www.ibtimes.com/articles/20080813/brocade-rises-after-fiscal-3q-profit-tops-street.htm Wed, 13 Aug 2008 10:29:29 EDT Shares of Foundry Networks Inc. soared Tuesday after Brocade Communications Systems Inc. said it would buy the networking equipment maker for $3 billion, representing a 41 percent premium to Foundry's Monday closing stock price. http://www.ibtimes.com/articles/20080722/out-of-the-gate-foundry-networks-shares-soar.htm Tue, 22 Jul 2008 19:36:57 EDT Brocade Communications Systems Inc., dominant in an obscure corner of the data storage market, wants a piece of a bigger pie: Cisco Systems Inc.'s cash cow business of networking equipment that shuttles Internet traffic. http://www.ibtimes.com/articles/20080722/brocade-deals-for-foundry-networks-in-cisco-salvo.htm Tue, 22 Jul 2008 00:25:21 EDT Brocade Communications Systems Inc. is plunking down $3 billion for Foundry Networks Inc., melding two companies with presence deep in the data center and posing a direct challenge to industry behemoth Cisco Systems Inc. http://www.ibtimes.com/articles/20080721/brocade-to-acquire-foundry-networks-for-3b.htm Mon, 21 Jul 2008 21:10:36 EDT A criminal probe of Apple Inc.'s co-founder and CEO Steve Jobs over stock options tampering is now over, but the potential legal shadow over him and the company isn't going away just yet. http://www.ibtimes.com/articles/20080715/criminal-probe-ended-apple-ceo-still-has-hurdles.htm Tue, 15 Jul 2008 19:00:58 EDT A vice president of data networking technology company Brocade Communications Systems Inc. exercised options for 14,844 shares of common stock under a prearranged trading plan, according to a Securities and Exchange Commission filing Tuesday. http://www.ibtimes.com/articles/20080709/brocade-communications-vp-exercises-options.htm Wed, 09 Jul 2008 16:41:38 EDT UnitedHealth Group Inc. cleared its decks of bad news on Wednesday, announcing a lower profit outlook, a restructuring that will trim 4,000 jobs and a $900 million payout to settle a class-action lawsuit over options backdating. http://www.ibtimes.com/data/articleimgs/84353-correction-unitedhealth-outlook.jpg http://www.ibtimes.com/articles/20080702/unitedhealth-cuts-2008-outlook-as-premiums-slip.htm http://www.ibtimes.com/articles/20080702/unitedhealth-cuts-2008-outlook-as-premiums-slip.htm Wed, 02 Jul 2008 17:12:24 EDT Verizon Wireless grabbed headlines this week after it agreed to buy Alltel Corp. for $5.9 billion in a deal that would oust AT&T Inc. as the largest U.S. cell phone service provider. http://www.ibtimes.com/articles/20080606/tech-roundup-verizon-wireless-buying-alltel.htm Fri, 06 Jun 2008 16:39:18 EDT Brocade Communications Systems Inc. has agreed to pay the plaintiffs in a class-action lawsuit $160 million to settle allegations the networking equipment maker hurt investors by tampering with stock options, the company said Monday. http://www.ibtimes.com/articles/20080603/brocade-to-pay-160m-to-settle-options-lawsuit.htm Tue, 03 Jun 2008 07:06:39 EDT Brocade Communications Systems Inc. has agreed to pay the plaintiffs in a class-action lawsuit $160 million to settle allegations the networking equipment maker hurt investors by tampering with stock options, the company said Monday. http://www.ibtimes.com/articles/20080602/brocade-to-pay-160m-to-settle-options-lawsuit.htm Mon, 02 Jun 2008 19:38:22 EDT The housing market slump translated into brisk business last year for mortgage scammers and the federal agents who pursue them, with the FBI winning 206 convictions, recovering nearly $22 million and still chasing a growing number of securities and commodities fraud cases. http://www.ibtimes.com/articles/20080522/fbi-details-spike-in-mortgage-fraud-cases.htm Thu, 22 May 2008 18:51:35 EDT Shares of Brocade Communications Systems Inc., a data networking technologies company, may trade actively Thursday, after fiscal second-quarter profit jumped partly because of a tax benefit. http://www.ibtimes.com/articles/20080515/on-the-watch-brocade-posts-2q-profit.htm Thu, 15 May 2008 06:23:27 EDT