Gregory Reyes

Gregory Reyes

Gregory Reyes, the former chief executive of Brocade Communications, was convicted of conspiracy and fraud in connection with back-dating stock options.

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Shares of Brocade Communications Systems Inc. fell Tuesday after the company denied speculation that it's looking for a buyer. "That's just wrong. Why would we want to go ahead and do that when we have never been in a better position than we are today?" CEO Mike Klayko said in a corporate video on fourth quarter results. He said Brocade has taken the trouble to provide a full suite of products and services to compete with larger competitors and it's "winning." Shares of Brocade fell 71 cents, or 9.1 percent, to $7.09 in afternoon trading on heavy volume. "Brocade's stock is under a little ... Read Full Story
From:   www.ap.org
A federal appeals court has tossed out the criminal conviction of the first Silicon Valley executive to go to trial in a stock options scandal that triggered charges against at least a dozen executives. The 9th U.S. Circuit Court of Appeals ordered a new trial Tuesday for Gregory Reyes, former chief executive of Brocade Communications Systems Inc., citing prosecutor misconduct. The court says a prosecutor lied when he told the jury that Brocade's finance department was unaware that Reyes was doling out backdated stock options to company employees. The jury went on to convict Reyes of all 10 felony counts, including fraud, falsified accounting, ... Read Full Story
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Brocade Communications Systems Inc. (NASDAQ: BRCD) Brocade Communications Systems Inc. (BRCD) develops and provides storage area network and data center networking equipment. The Company’s products include directors, switches, routers, fabric-based software, distance/extension products, management applications, utilities, host bus adapters and storage area network (SAN) switch modules, disaster recovery, data warehousing and data security. Founded in 1995, the [...] Read Full Story
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Broadcom Cofounder Henry Nicolas III faces up to 360 years in prison for backdating options and distribution of drugs. Read Full Story
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The San Francisco federal jury found Mr Reyes, 44, guilty on all 10 counts after a six week trial. “It sends a message that perhaps some of this stuff is really bad. It’s not just technical,” said Henry Hu, a University of Texas law professor. “It increases the bargaining power of the SEC and the justice department.” Ugly.... Read Full Story
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Gregory Reyes

Gregory Reyes

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Brocade Communications Systems Inc. F4Q09 (Qtr End 31/10/09) Earnings Call ...Seeking Alpha (blog)Good day ladies and gentlemen, and welcome to the fourth quarter 2009 Brocade Communications Systems Incorporated earnings conference call. My name is Ann, ...and more »  
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TopNews United Kingdom (blog)Brocade Communications 4Q Profit Down 5.6%; Revenue Up 31%Wall Street JournalBrocade Communications Systems Inc. (BRCD) posted its first quarterly profit in a year as its fiscal fourth-quarter profit slid 5.6% on a double-digit ...Brocade CEO Klayko Says He Wasn't 'Shopping' CompanyBloombergHighlights From Brocade Communications's (BRCD) Q4 Q&A Session; Reaffirms FY10 ...StreetInsider.com (subscription)UPDATE 2...  
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Brocade Communications (NasdaqNM: BRCD) opened at $7.60. So far today, the stock has hit a low of $7.06 and a high of $7.60. BRCD is now trading at $7.27, down $0.53 (-6.77%). Over the last 52 weeks the stock has ranged from a low of $2.05 to a high of $9.84. BRCD shares are falling after the company reiterated its fiscal-2010 earnings forecast that is not quite in line with analysts' expectations. The company expects 2010 EPS of 56 to 61...  
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Brocade Communications CEO Mike Klayko denies the company has been for sale, says new Acadia venture between EMC-Cisco won't hurt and looks ahead to Fibre Channel (FC) technology upgrades.  
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Shares of Brocade Communications Systems Inc. fell Tuesday after the company said revenue for the first quarter won't be as strong as past quarters and an overall rebound isn't expected until the back end of the fiscal year.  
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NEW YORK, Nov 24 (Reuters) - Brocade Communications Systems Inc's chief executive denied that the network equipment maker had looked for a buyer despite recent reports that it had put itself up for sale.  
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SAN FRANCISCO -- Brocade Communications Systems Inc. said late Monday its fiscal fourth-quarter net income slipped to $33.6 million, or 7 cents a share, from $35.6 million, or 9 cents a share in the ...  
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Brocade Communications Systems has landed orders from Taiwan-based Asia Pacific Broadband Telecom (APBT) for the supply of MPLS (multi-protocol label switching) routers, according to Edward Chou, president of Brocade Taiwan, Hong Kong and Macau.  
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SAN FRANCISCO (MarketWatch) - Tech stocks fell Tuesday morning, following Monday's rally, as shares of Brocade Communications plunged sharply after issuing a weaker-than-expected forecast. Shares...  
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TopNews United Kingdom (blog)Brocade profit beats estimates despite M&A worriesReuters... for blade servers as well as software to help companies manage data efficiently, and its main competitor is industry leader Cisco Systems Inc (CSCO.O). ...Brocade Communications Q4 Profit Declines; Backs FY10 Outlook - UpdateTrading Markets (press release)all 91 news articles »  
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