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Brocade Sees Light At End Of Recession Tunnel

IP/Ethernet technology company Brocade may be showing signs of improving sales after a poor first quarter.

In a notice to investors, investment firm Oppenheimer said the tech firm could now be seeing better sales after a particularly nasty opening to the year.

The investment firm's predictions are based on interviews held with 25 channel partners from the US and Europe, of whom 80 per cent believe that Brocade remains a competitive force in the IP/Ethernet market.

Based on the market data and information provided by channel partners, Oppenheimer predicted that Brocade's Q2 sales are currently progressing as expected by market pundits.

The note released by Oppenheimer said: “It's not until later this year that we expect Brocade's IP/Ethernet sales efforts and investments to deliver material results. Execution and a portfolio refresh will be key... We expect Brocade's sales revamp will deliver material results only later in the year.”