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 McDATA (MCDI)
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| Author | Topic: McDATA (MCDI) |
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InvestorGuide Daily Administrator |
posted 08-09-2000 06:14 PM
 
Network software company McDATA (MCDT): priced at $28, opened at $73, closed at $85.56, and raised $350 million. |
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Mayor of Investorville Administrator |
posted 06-06-2000 10:29 AM
The company makes fibre channel switches and software for huge enterprisewide storage area networks (SANs), which let users anywhere on a network share storage devices. It also sells FabricReady preconfigured SAN systems built around its switch and director products. McDATA sells through other manufacturers, resellers, and systems integrators to large companies. Storage specialist EMC and IBM account for about 70% and 10% of sales, respectively. EMC, which acquired McDATA in 1995, owns 86% of the company through McDATA Holdings, but plans to distribute the stake to its shareholders by mid-2001. The company plans to go public soon and hopes to raise $100 million (source: SEC filing). |
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