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To: Johnny Canuck who wrote (32584)	6/1/2001 12:42:27 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 70561

10:45 ET Network Appliance (NTAP) 18.66 +0.06: Hearing from sources at Thomas Weisel Partners that the firm has confirmed with NTAP that it will be shutting down operations in the first week of July as a cost-savings move; though shut-down will not affect prior guidance, Weisel sees it as an indication that business remains weak. 10:40 ET Q2 GDP : Perhaps overlooked in the Employment Report was the aggregate hours index, which serves as a good monthly proxy for GDP. The index was unchanged after an April decline, and at its current level is down at a 1.2% annual pace from Q1. Absent a sharp June rebound or a pick-up in Q2 productivity growth, this number suggests that Q2 GDP is likely to show a decline. 10:08 ET Veritas Software (VRTS) 67.38 +1.47: This morning's SF Chronicle reports that Veritas has fired 400 workers in recent weeks. Though company claims that it is still adding workers on net and that this is just an effort to weed out underperforming workers, the article cites a former worker who claims that dept heads fired workers across the board.