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Technology Stocks : Network Appliance -- Ignore unavailable to you. Want to Upgrade?

To: DownSouth who wrote (3877)	8/4/2000 1:30:23 PM
From: HDC	Read Replies (2) \| Respond to of 10934

DS, This may be an early indication of how our quarter went: August 4, 2000 9:46am Emulex bounces on earnings By Margaret Kane ZDII Shares of Emulex Corp. (Nasdaq: EMLX) surged 35 percent in early trading Friday, after the data networking company reported strong fourth quarter figures. Shares were up 17 3/32 to 64 21/32 in morning trading. Revenues nearly doubled from a year ago to $40.8 million. The company posted a profit of $9.6 million, or 25 cents per share, compared to $3 million, or 10 cents per share in the year-ago quarter. First Call consensus for the quarter was a 25 cent per share profit. Orders for fibre channel products were strong, with fibre channel host bus adapter revenues growing 26 percent sequentially. CEO Paul Folino cited a strong network attached storage market as a reason for the boom. NAS uses fibre channel adapters to connect to storage area network resources. Best, Duncan