Storage networking supplier Brocade is parting company from its downbeat and depressed competitors by saying it hopes to report sparkling results for its fourth quarter.

It expects to report revenues of approximately $396m to $400m for the fourth fiscal quarter ended October 25, 2008, above the range of $375m to $385m previously expected in August 2008. Despite October being a recession month for other storage companies, Brocade has seen a rise in revenues.

In particular Brocade's results contrast with Cisco's storage revenues which have declined year-on-year for the last two quarters. Brocade is buying Cisco competitor Foundry Networks so that it can enter the Ethernet networking business.

Brocade expects to announce its fourth fiscal quarter and full fiscal year 2008 financial and operating results on November 20. ®

Related stories

• Brocade 'restructuring' personnel for Ethernet push (4 May 2009)
• Brocade turns red in first quarter (20 February 2009)
• Brocade results are solid as a rock (21 November 2008)
• Cisco storage slumps again (6 November 2008)
• Brocade cuts Foundry price (30 October 2008)
• Brocade encryption won't stretch to tape for months (24 September 2008)
• Brocade adds encryption to SAN fabric (22 September 2008)
• Cisco gives virtual servers virtual networking (16 September 2008)
• Brocade unfurls FCoE roadmap (15 August 2008)
• Brocade buys Foundry Networks for $3bn (22 July 2008)
• Brocade and Cisco squabble over future fabric standards (8 July 2008)