Blue Horseshoe (hates) Brocade?

Posted in after-hours 
November 11th, 2009

Brocade Communications Systems, Inc. (NASDAQ: BRCD) is getting its feelings hurt in after-hours trading after H-P (NYSE: HPQ) decided to spend $2.7 billion to buy 3Com (NASDAQ: COMS).  Many have been under the assumption that Brocade Communications would be bought by H-P.  The good news is that someone else may now need to look at Brocade.  But the bad news is that Brocade is being slapped around.  The stock is down 7% at $8.60 in after-hours trading.  As of 5:02 BRCD has also traded 2.8 million shares in the after-hours session alone.

JON OGG

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