Son of SAN - Storage Networking Technologies Message Board

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Technology Stocks : Son of SAN - Storage Networking Technologies

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To: Gus who wrote (4394)	2/12/2002 4:39:25 PM
From: Greg Hull	Read Replies (1) of 4808

CNT Sees Weak Fourth Quarter, Plans Convertible Offering By Michael Dunn 02/12/2002 09:00 -------------------------------------------------------------------------------- CNT CMNT said it expects weaker fourth-quarter earnings on a 29% jump in revenue. The storage area network switch maker now sees operating income of about $950,000, or 3 cents a share, down from $5.8 million, or 17 cents a share, in the year ago period. The forecast is in line with analyst expectations, according to Thomson Financial/First Call. Revenue for the quarter is expected to be $60.7 million. The company also announced plans to offer a private sale of five-year subordinate notes convertible into company stock. The sale is expected to raise $125 million.

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