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Technology Stocks : Network Appliance

NTAP 111.56

+2.1%

Nov 28 9:30 AM EST

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To: Jacob Snyder who wrote (9909)	2/12/2002 4:38:32 PM
From: Uncle Frank	of 10934

SUNNYVALE, Calif., Feb 12 (Reuters) - Computer data storage maker Network Appliance Inc.(NasdaqNM:NTAP - news) reported on Tuesday that third-quarter profit slid sharply from a year ago as corporate clients held back from technology buying. The Sunnyvale, Calif.-based company said profit before one-time items fell to $15.5 million or 4 cents per share from $38.9 million or 11 cents per share in the year-ago quarter. Revenue dropped to $198.3 million from $288.4 million. Analysts polled by Thomson Financial/First Call had expected an operating profit of 1-3 cents per share, with a consensus forecast of a 2-cent per share profit on $198 million in revenue. The company had forecast 1-2 cents per share profit on sales of $195 million to $200 million. biz.yahoo.com >> CC 1 pm ET today That should be 5 pm ET. uf

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