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Brocade Slides in Premarket Action

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was down 3.5% to $26.63 in preopen Instinet trading.

On Monday,

reported that research outfit FAC/Equities said

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original equipment manufacturer contract with PC maker



could hurt Brocade's market share.

Still, even after those comments, Brocade rose 8.1% to $27.59 on Monday. The company's chief financial officer is scheduled to appear at two investor events next week.