8-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): January 13, 2006 (January 12, 2006)

BROCADE COMMUNICATIONS SYSTEMS, INC.

(Exact name of Registrant as specified in its charter)

Delaware
(State or other jurisdiction of
incorporation or organization) 000-25601
(Commission File Number) 77-0409517
(I.R.S. Employer
Identification Number)

1745 Technology Drive
San Jose, CA 95110

(Address, including zip code, of principal executive offices)

(408) 333-8000

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

TABLE OF CONTENTS

	Item 2.02. Results of Operations and Financial Condition.
	Item 9.01 Financial Statements and Exhibits.
SIGNATURES
Exhibit Index
EXHIBIT 99.1

Item 2.02. Results of Operations and Financial Condition.

On January 12, 2006, Brocade Communications Systems, Inc. (the “Company”) issued a press release announcing that the filing of its Annual Report on Form 10-K for the fiscal year ended on October 29, 2005 would be delayed to allow completion of the audit and work related to Section 404 of the Sarbanes-Oxley Act of 2002. In the press release, the Company also noted that it had not identified any material weakness in its internal control over financial reporting and did not expect any adjustments to its financial results for the fourth quarter and fiscal year ended October 29, 2005, as previously announced on December 6, 2005. The Company further commented that it expected to file its Form 10-K within the 15-day extension period afforded by SEC Rule 12b-25 under the Securities Exchange Act of 1934.

A copy of the press release is attached as Exhibit 99.1, and the information in Exhibit 99.1 is incorporated herein by reference.

The information in Item 2.02 and Item 9.01 in this Current Report on Form 8-K and the exhibit attached hereto shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference into any filing under the Securities Act of 1933 or the Securities Exchange Act of 1934.

Item 9.01 Financial Statements and Exhibits.

(c)	Exhibits
99.1	Press release, dated January 12, 2006, by Brocade Communications Systems, Inc. announcing that the filing of its Annual Report on Form 10-K for the fiscal year ended on October 29, 2005 would be delayed.

SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	BROCADE COMMUNICATIONS SYSTEMS, INC.
Dated: January 13, 2006	By:	/s/ Richard Deranleau
		Richard Deranleau
		Interim Chief Financial Officer

Exhibit Index

Exhibit
No.	Description
99.1	Press release, dated January 12, 2006, by Brocade Communications Systems, Inc. announcing that the filing of its Annual Report on Form 10-K for the fiscal year ended on October 29, 2005 would be delayed.

EX-99.1

Exhibit 99.1

FOR IMMEDIATE RELEASE

BROCADE CONTACTS
Media Relations	Investor Relations
Leslie Davis	Shirley Stacy
Tel: 408-333-5260	Tel: 408.333.5752
lmdavis@brocade.com	sstacy@brocade.com

BROCADE TO DELAY FILING OF ANNUAL REPORT ON FORM 10-K FOR FISCAL YEAR

2005 TO ALLOW COMPLETION OF AUDIT AND 404 WORK

Company Expects to File Within the 15-Day Extension Period

SAN JOSE, Calif. — January 12, 2006 — Brocade Communications Systems, Inc. (Brocade®) (Nasdaq: BRCD) today announced that the Company is delaying the filing of its Annual Report on Form 10-K for its fiscal year ended October 29, 2005, which is due Thursday, January 12, 2006. The Company will file a Form 12b-25 with the Securities and Exchange Commission on Friday, January 13. The Company currently expects to file its Form 10-K within the 15-day extension period afforded by SEC Rule 12b-25 under the Securities Exchange Act of 1934, which would expire on January 27, 2006.

Brocade is delaying the filing of its fiscal 2005 Form 10-K because it is still in the process of providing information necessary for its independent registered public accounting firm, KPMG LLP, to complete their audit of the Company’s financial statements for fiscal 2005 and their audit of management’s assessment of the effectiveness of the Company’s internal control over financial reporting as of October 29, 2005 in accordance with Section 404 of the Sarbanes-Oxley Act of 2002 and the related rules of the Public Company Accounting Oversight Board.

As of the date of this press release, the Company has not identified any material weakness in its internal control over financial reporting and does not expect any adjustments to its financial results for the fourth quarter and fiscal year ended October 29, 2005, as previously announced on December 6, 2005.

Brocade Communications Systems, Inc.

1745 Technology Dr. San Jose, CA 95110
T 408.333.8000 F 408.333.8101
www.brocade.com

PAGE 2

Cautionary Statement
This press release contains forward-looking statements, including statements regarding the Company’s financial results for the fourth quarter and fiscal year ended October 29, 2005, the Company’s ability to complete its 10-K filing within the 15-day extension period, and the anticipated absence of any adjustments to previously announced financial results for the fourth quarter and fiscal year ended October 29, 2005 and any material weaknesses in its internal control over financing reporting. These statements are based on current expectations as of the date of this press release and involve a number of risks and uncertainties, which may cause actual results to differ significantly from such estimates. The risks include, but are not limited to, adjustments resulting from the completion by the Company’s independent auditor of their audit of the Company’s financial statements for the year ended October 29, 2005 and their audit of management’s assessment of the effectiveness of the Company’s internal control over financial reporting as of October 29, 2005; and the ongoing investigation by the Securities and Exchange Commission and Department of Justice, which may result in further changes to the Company’s historical financial results and accounting practices. These and other risks are set forth in more detail in the section entitled “Risk Factors” under “Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Company’s quarterly report on Form 10-Q for the quarter ended July 30, 2005.

About Brocade Communications Systems, Inc.
Brocade delivers the industry’s leading platforms and solutions for intelligently connecting, managing, and optimizing IT resources in shared storage environments. The world’s premier systems, server, and storage providers offer the Brocade SilkWorm family of fabric switches and software as the foundation for SAN solutions in organizations of all sizes. In addition, the Brocade Tapestry family of application infrastructure solutions extends the ability to proactively manage and optimize application and information resources across the enterprise. Using Brocade solutions, organizations are better positioned to reduce cost, manage complexity, and satisfy business compliance requirements through optimized use and management of their application infrastructures. For more information, visit the Brocade Web site at www.brocade.com or contact the company at info@brocade.com.

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Brocade, the B weave logo and SilkWorm are registered trademarks of Brocade Communications Systems, Inc. or its subsidiaries in the United States or in other countries. All other brands, products, or service names are or may be trademarks or service marks of, and are used to identify, products or services of their respective owners. All products, plans, and dates are subject to change without notice.