McData seesaws through Q4

Win some, lose some

Broken CD with wrench

Switch maker McData had some serious ups and downs during its fourth quarter.

On the plus side, McData reported a breakeven quarter, which beat out a net loss of $7.5m in the same period a year ago. McData, however, saw revenue fall during its most recent quarter. It posted revenue of $106m in Q4 - down 7 per cent from last year's Q4.

For the full year, McData reported revenue of $400m. This total was 5 per cent less than last year's $419m.

During the quarter, McData announced its intention to acquire CNT for $235m in stock. It also closed a deal where Hitachi will sell the Intrepid 10000 Backbone Director.

Investors had little reaction to McData's results with its shares falling just more than 2 percent to $4.08 at the time of this report. ®

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