Perhaps Cisco will shed light on the Fibre Channel switch market Tuesday when it announces its quarterly earnings. Cisco has not broken out its storage revenue in the past, but some analysts believe it may do so this time. Cisco CEO John Chambers has identified storage as a $1 billion market for the company, and storage company revenues have generally been high in the current reporting season (see Storage: A Cisco Billion Dollar Play). CEOs have also been optimistic about spending patterns in 2004 (see Storage Bigs Brash on Budgets).
Although McData's stock price was down most of the day, it rallied to rise $0.04 to $8.79 by late afternoon.
Dave Raffo, Senior Editor, Byte and Switch
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