Research In Motion(RIMM Quote) gave up much of its gains from Wednesday and fell $8.26, or 6.8%, to $113.82.
Brocade Systems(BRCD Quote) was off 5.8%, a day after it reported fourth-quarter results. The San Jose, Calif.-based company reported mixed results for the quarter, but its outlook disappointed investors. Revenue in the fourth quarter rose 63% to $340 million from $208.8 million, coming in just below Street expectations of $341 million. Net income for the quarter was $32 million, or 8 cents a share. Excluding charges, earnings were 16 cents a share, beating analysts' expectations of 13 cents a share. Shares of Brocade were down 45 cents to $7.29.- Loading Comments...
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