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To: Dealer who wrote (43214)	10/11/2001 5:11:58 PM
From: Dealer	Read Replies (1) \| Respond to of 65232

Echelon meets Q3 expectations, sets share buyback SUNNYVALE, Calif., Oct 11 (Reuters) - Echelon Corp. (NasdaqNM:ELON - news), which sells software that automates industrial equipment and building systems, on Thursday reported third-quarter results in line with expectations . The company reported net earnings for the quarter ended Sept. 30 of $757,000, or 2 cents per share, on revenues of $18 million, an increase of 47 percent over the $12.2 million in sales recorded a year earlier. Analysts had expected earnings of 2 cents per share, according to Thomson Financial/First Call. Echelon also announced that its board had approved a stock repurchase plan for up to 2 million shares over two years, representing about 6 percent of common shares outstanding for the third quarter.