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Technology Stocks : Preferred Networks (NASDAQ:PFNT)
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To: Hubert Few who wrote ()5/5/2000 8:16:00 AM
From: GARY P GROBBEL   of 107
 
It was just announced that Cisco is paying a huge amount for Arrowpoint (Nasdaq ARPT 134
13/16 by 135)...Arrowpoint is a provider on intelligent internet switches...isn't that what we do
here at PFNT???????????(GGGGGGGGGGGGGG):

ArrowPoint Commun. is a provider of intelligent Web switches, intended to enhance the
performance, scalability, availability, reliability and security of customers' Web sites. For the
three months ended 3/31/00, revenue totalled $9.5 million, up from $737 thousand. Net loss
available to common totalled $14 million, up from $2.8 million . Results reflect the introduction
of the CS-100 and CS-800 products, offset by increased stock-based compensation costs and
a $6.5 million preferred dividend
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