Brocade awarded permanent injunction in IP theft case against A10 Networks Brocade announced that a San Jose federal court confirmed a $60M damages verdict against A10 Networks and entered an order permanently enjoining A10 from infringing on Brocade's patents involving technologies for Global Server Load Balancing and High Availability. The court confirmed all liability findings by the jury against A10 and confirmed the $60M in damages for copyright infringement. The court further confirmed that there was sufficient evidence against A10 to award another $50M in lost profits damages on the patent claims.
Brocade downgraded to Sell from Neutral at UBS UBS analyst Amitabh Passi downgraded Brocade Communications to Sell saying he sees increasing downside risk to estimates from weaker trends in storage and margins being close peak levels. Passi cut his price target for the stock to $9 from $11.50.