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Technology Stocks : Network Appliance

NTAP 109.72

-1.6%

Nov 13 3:59 PM EST

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To: riposte who wrote (4034)	8/15/2000 1:46:24 PM
From: riposte	Read Replies (1) of 10934

Acquisition saps Network Appliance profit Hmmmm..... By Bloomberg News August 14, 2000, 2:40 p.m. PT Network Appliance, which makes computers that store and deliver files on computer networks, said fiscal first-quarter profit fell 63 percent because of acquisition-related costs. Net income for the quarter ended July 28 fell to $5 million, or 1 cent a share, from $13.5 million, or a split-adjusted 4 cents, a year earlier. Revenue more than doubled to $231.2 million from $103.3 million. [REMAINING TEXT DELETED] URL: news.cnet.com

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