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Technology Stocks : Network Appliance

NTAP 119.39

+1.8%

3:59 PM EST

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To: Miguel Octavio who started this subject	5/14/2002 4:31:07 PM
From: Cooters	Read Replies (1) of 10934

4:25pm 05/14/02 Network App sees Q1 profit of 4 to 5 cents (NTAP) By Barbara C. Costanza Data storage company Network Appliance reported late Tuesday fourth quarter earnings excluding items of $14.6 million, or 4 cents a share, in line with the consensus of analysts polled by Thomson Financial/First Call. In the year-ago period, the company earned 2 cents a share. Revenue for the latest quarter totaled $204.9 million compared with the year-ago total of $225.8 million. Analysts were looking for revenue of $206.4 million. As for the first quarter, the company is looking for a profit of 4 cents to 5 cents on revenue in the range of $205 million to $215 million. Analysts currently expect a 4-cent profit, on revenue of $217.3 million. Shares closed up 71 cents to $18.04 but traded as low as $16.81 in after hours trading.

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