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. Dow gets 3M-boost while Nasdaq sags Crude futures slip back; trades at $26 Hiring picks up, so does jobless rate Oprah turns bearish on the book business Sign up to receive FREE e-newsletters: Get the latest news 24 hours a day from our 100-person news team. 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.]