Brocade Communications

(BRCD)

was up 1.3% in preopen

Island

trading. After the close, the storage network equipment maker posted fourth-quarter earnings per share of 22 cents, ahead of the Street's 20-cent estimate and the year-ago 3 cents. Revenue also beat expectations. The company also announced a 2-for-1 split.

Goldman Sachs

raised its 2001 earnings forecast to $1.25 per share from $1.05.