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4:10 PM -- Public reaction to Brocade suggests technology trumps turmoil. And deep down, perhaps there's a suspicion of a strong correlation between bad accounting and good engineering.
So what if the SEC and DOJ are investigating the way Brocade handled employee stock options? And the CEO, CFO, and a couple of board members have left in the past 13 months? (See Brocade Eyes SEC Settlement, Another Brocade Exec Bolts, and Brocade Switches CEOs, Restates .)
None of that prevented Brocade from having better sales than expected last quarter. (See Brocade Reports Earnings.) And, according to our latest poll on switchmakers, Brocade is in the catbird's seat among the major Fibre Channel vendors. (See A New World for Switchmakers.) Heck, half our readers don't expect Cisco to be around for long, and most don't even see that as good news for McData.
Among the 178 who responded to our survey, 65 percent say Brocades legal problems would not prevent them from buying its products. Another 9 percent said they might hesitate, but only 23 percent said Brocades problems would scare them away from buying.
That sentiment could help Brocade if Cisco backs out of the storage market, which 49 percent said they expect, while another 21 percent were unsure. (See Cisco Distracted?.) If Cisco does pull out, 81 percent said Brocade will benefit the most, compared to only 11 percent for its main rival McData.
With the move to the cloud, CISOs must shift priorities from operating security programs to overseeing (monitoring and auditing) outsourced cybersecurity programs.
2022 was a boon year for IT salaries. 2023 came in like a beast with layoffs, raise freezes, and ChatGPT, but that beast has few teeth.
Age is only a number. Don't let a high number cancel your career.
