Abstract: A network switch having a shared memory architecture for storing data frames includes configuration registers that are programmable by a host processor to adaptively adjust overflow buffer locations and flow control watermark levels based on monitored network traffic. The host processor allocates shared resources by setting memory configuration registers corresponding to an external memory, where the network switch uses the external memory for storing received data frames, Management Information Base (MIB) counter values, and output port overflow data. The host processor periodically reads the MIB counter values from the external memory, and adjusts flow control watermark levels or the memory configuration registers in the network switch based on rate-based network traffic derived from the MIB counter values. PCI burst transfers between the host processor and the external memory via the network switch ensure that stored data is not lost during reconfiguration of the external memory.