Brocade Increases Stock Repurchase Authorization by $700M

Brocade Increases Stock Repurchase Authorization by $700M

SAN JOSE, CA — (Marketwired) — 09/30/15 — (NASDAQ: BRCD) today announced that its Board of Directors has increased the authorization to repurchase its common stock under its existing stock repurchase program by $700 million, bringing the total remaining amount authorized under the program to over $1.0 billion. The timing and amounts of specific purchases will be determined by Brocade from time to time based on Brocade–s cash balances, the trading price of Brocade–s common stock, general b

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