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Technology Stocks : F5 Networks, Inc. (FFIV) -- Ignore unavailable to you. Want to Upgrade?

To: baystock who wrote (1284)	10/3/2000 4:32:07 PM
From: CrazyTrain	Read Replies (1) \| Respond to of 1801

That is old news. Here is current news... (From Raging Bull FFIV board) GOOD NEWS! FFIV WILL MEET THIS QTR AND NEXT QTR DJN: =DJ F5 Down -2: Analyst: Co. Seeks Accelerated Sales Growth (Dow Jones 10/03 12:22:34) By Peter Loftus Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--F5 Networks Inc. (FFIV) shares fell as much as 13% Tuesday on fears that the Internet equipment maker will miss analysts' earnings forecasts in upcoming quarters. But F5 Chief Executive John McAdam told Dow Jones Newswires he expects the company to meet analysts' earnings estimates for the fourth quarter ended Sept. 30, as well as for fiscal 2001. A First Call/Thomson Financial consensus of eight analysts predicted F5 would earn 16 cents a share in the fourth quarter and 91 cents in fiscal 2001. "If we didn't feel very confident that we were going to meet or exceed consensus expectations we'd pre-announce" estimates of fourth-quarter results, McAdam said in an interview. The Seattle company is slated to release results Oct. 26. The concerns were sparked by a Chase H&Q research note Tuesday in which analyst Erik Suppiger said F5 was increasing its investments in operations to accelerate sales growth. While Suppiger is optimistic that the higher expenses will boost sales, he also expects the move to cut earnings in the first two or three quarters of fiscal 2001. Suppiger does expect F5 to meet expectations for the quarter ended Sept. 30. F5 shares recently traded at $28.88, down $1.38, or 5%, on volume of 2.4 million, compared with the daily average of 1 million. Earlier, the shares traded as low as $26.19, passing the 52-week low of $28.38 set May 11. (MORE) DOW JONES NEWS 10-03-00 01:22 PM