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To: RR who wrote (28866)	8/14/2000 7:44:49 PM
From: Dealer	Respond to of 35685

NTAP--Monday August 14 6:08 PM ET Network Appliance Profits Top Forecast PALO ALTO, Calif. (Reuters) - Network Appliance Inc. (NasdaqNM:NTAP - news), a maker of storage software and devices widely used by Web sites, on Monday reported sharp gains in sales and profit in its fiscal first quarter, slightly exceeding analysts' forecasts. Sunnyvale, Calif.-based Network Appliance said its profit, excluding in-process research and development and amortization of intangible assets, rose 140 percent to $32.3 million, or 9 cents a share, from $13.5 million, or 4 cents, a year ago. There were no unusual items in the year-ago quarter. On that basis, the results topped the consensus forecast of 8 cents a share, according to First Call/Thomson Financial, which tracks analyst forecasts and company results. Sales more than doubled to $231.2 million from $103.3 million. ``Revenue for the quarter was driven by the overall growth of the external storage market,'' said Network Appliance Chief Executive Dan Warmenhoven. As companies go online, they are buying Network Appliance's products to store and manage vast amounts of digital information. Its products are also used to speed access to Web sites and allow data to be pooled centrally and then accessed from any point along a network. During the quarter, Network Appliance acquired closely held Orca Systems, a Waltham, Mass.-based developer of software that links together large computer systems running the Unix or Microsoft Corp.'s business-class operating systems. Including the one-time items, Network Appliance said net income fell to $5.0 million, or 1 cent a share in the first quarter. Shares of Network Appliance closed 2-1/16 higher at 90-3/4 on the Nasdaq. The shares have more than doubled this year, but are down from their record high of 124 reached March 10.

To: RR who wrote (28866)	8/14/2000 7:48:11 PM
From: Dealer	Read Replies (2) \| Respond to of 35685

GMST is hanging on...afterhours.........and looks like most everything else is too. That about does it for earnings on the Porch stocks...... Congratulation on your move last week. luv, dealie

To: RR who wrote (28866)	8/14/2000 7:48:25 PM
From: Sully-	Read Replies (2) \| Respond to of 35685

Network Appliance Shares Fall: After-Hours Trading (Update1) 8/14/00 4:08:00 PM Source: Bloomberg News URL: cnetinvestor.com 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. <snip>