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Technology Stocks : Network Appliance

NTAP 110.40

-1.8%

Nov 11 3:59 PM EST

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To: MulhollandDrive who wrote (3985)	8/14/2000 9:26:12 PM
From: Boplicity	Read Replies (2) of 10934

Network Appliance Shares Fall: After-Hours Trading New York, Aug. 14 (Bloomberg) -- Network Appliance Inc. was among stocks that declined the most in extended trading after the company reported ``disappointing'' revenue growth in its fiscal first quarter. Shares fell 4 1/4 to 86 1/2 after the maker of computers that store and deliver files on computer networks said first-quarter revenue rose 16 percent from the fiscal fourth quarter. At the same time, profit fell 63 percent from the year-ago first quarter. Sunnyvale, California-based Network Appliance reported earnings after exchanges closed at 4 p.m. New York time. The company's chief executive officer Daniel Warmenhoven called the revenue results ``disappointing,'' compared with fourth-quarter sales that rose 32 percent sequentially. More than 380,000 Network Appliance shares changed hands in extended trading. Shares rose 2 1/16 during regular trading. Greg-->Don't shoot the messenger please.

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