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Brocade, McData Get Approval

SAN JOSE, Calif. -- Brocade Communications Systems, Inc. (Nasdaq: BRCD - News) and McDATA Corporation (Nasdaq: MCDTA/MCDT) today announced that the stockholders of each company have approved Brocade's proposed acquisition of McDATA at their respective special stockholder meetings held today. Of the approximately 68.53 percent of outstanding Brocade shares that were voted, approximately 98.50 percent were cast in favor of the issuance of Brocade common stock in connection with Brocade's proposed acquisition of McDATA Corporation. Of the approximately 71.23 percent of outstanding McDATA Class A and B shares that were voted, approximately 98.86 percent were cast in favor of the acquisition. Pursuant to the terms of the acquisition agreement, each share of McDATA Class A and B common stock will be exchanged for 0.75 shares of Brocade common stock on the closing of the transaction.

Brocade Communications Systems Inc. (Nasdaq: BRCD)

McData Corp.