Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Sully- who wrote (9358)	10/22/2001 3:58:58 PM
From: Uncle Frank	Read Replies (1) \| Respond to of 10934

Here's more warm and fuzzy stuff: Network Appliance CEO says plans no more job cuts SUNNYVALE, Calif., Oct 22 (Reuters) - Network Appliance Inc.'s (NasdaqNM:NTAP - news) Chief Executive Dan Warmenhoven said on Monday that his company does not plan to make any more job cuts at current revenue levels amid tough times for the maker of computer data storage systems. Warmenhoven said the company aimed to be ``marginally profitable.'' ``It is somewhere in the range of 200, slightly under $200 million to break even,'' he said. Network Appliance's fiscal second quarter closes at the end of October. The company said in August that it saw second-quarter sales of $200 million to $210 million and earnings per share of 1 cent to 2 cents, guidance which it has not changed. Also in August, the company said it would cut 200 jobs. biz.yahoo.com