Friday, May 5, 2006

McDATA Gives Update On Guidance

Broomfield, Colorado-based McDATA said today that it expects its first quarter fiscal 2006 results to be in line with estimates. The maker of storage area network switching products said that it exepcts to report results at the low end of its $167M to $177M guidance range. McDATA is releasing its results on Tuesday, May 30th. The firm's stock, which trades on the Nasdaq, was down Friday morning on the news.