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To: Johnny Canuck who wrote (36669)4/5/2002 9:23:04 PM
From: Johnny Canuck  Read Replies (1) | Respond to of 67879
 
F5 Networks warns of wider loss
Shares make back some of Thursday's retreat
By Barbara C. Costanza, CBS.MarketWatch.com
Last Update: 4:07 PM ET April 5, 2002




SEATTLE (CBS.MW) -- F5 Networks warned investors Friday that its fiscal second-quarter loss will be wider than management previously expected.



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The Internet and content management products company (FFIV: news, chart, profile) anticipates now a loss of between 6 cents to 8 cents a share for the three months ended March 31, compared with its previous targeted range of 4 to 6 cents. Analysts polled by Thomson Financial/First Call had been expecting a loss of 5 cents.

In addition, the company said second-quarter revenue would end up at $27.1 million, below its previous target of between $27.5 million and $29 million.

While coming off earlier highs, shares of F5 Networks rose more than 6 percent to $18.30 in recent dealings. The stock got hit hard Thursday after a cautious research note issued by J.P. Morgan.

According to the company, the quarterly shortfall reflects weakness seen in enterprise spending during March, resulting in lower-than-expected revenue from North America and from its partnership with Nokia Internet Communications. F5 Networks is an original equipment manufacturer for the Nokia (NOK: news, chart, profile) subsidiary.

The company's second-quarter report is due out after the close of market on April 24.

Shares closed down 31 cents to $16.84.

Barbara C. Costanza is earnings editor of CBS.MarketWatch.com, based in Los Angeles.

*********************

[Harry: On the surface, the miss does not look that bad. The revenue miss was minor, but the EPS miss is greater than 16 percent. Low float stocks with 1/2 the float short though.]



To: Johnny Canuck who wrote (36669)4/8/2002 5:47:25 AM
From: Johnny Canuck  Read Replies (2) | Respond to of 67879
 
Running list stocks confirming/upping guidance April 4,2002

MCHP
NXTL
ANAD
ANEN
RMTR
TTWO
RCL
UCL
ELBO *
TREE
EK
ITRI
SMRT
TSA
CYMI
PNR
GM
GE
INSP
CD
ESST
UAG
EMN
ROH
TSG
KEM
PG
CKFR
CLX
TKR
DL
TRB
JILL
FO
TIBX
EXEL
ALLY
STN
UAG
EMN
JBL**
IDTI
SHW
MVIS
BYD
GE
FINL
PFE
GGC
CBRL
WTSLA
BOL
YELL
TWR
LBRT
MANU
DCN
EMMS
DCTM
BOL
WDF
HRV
BHE
MONE
WDC
DELL
RTN***
DD
JNY
SKX
PFCB
WEBM
HLYW
DHI
SWK
SY
BBBY
STR
WBSN
MMM
CHPC
FTS
DELL
MWRK
CPKI
CRUS
BRCD
INRG
SBAC
GNSS
PEET
UNTD
RL****

* ELBO sold off despite beating numbers for earnings
** JBL reducing rev for next 2 Q's, ups EPS due to better tax rate, ups rev and EPS for year, large new contracts 2H
*** Appears to raise 2003 rev guidance, miss of 2004 though
**** re-affirms for the Q, down slightly for the year