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Technology Stocks : Internap Network Services Corporation -- Ignore unavailable to you. Want to Upgrade?

To: Czechsinthemail who wrote (403)	5/29/2002 10:11:43 AM
From: Jibacoa	Respond to of 1011

Internap Restructures Equipment Lease Obligations SEATTLE -(Dow Jones)- Internap Network (NasdaqNM: INAP - News) Services Corp. restructured equipment lease obligations for 2002 and 2003, and expects $18 million in cash savings during the next 21 months due to the restructuring. In a press release Wednesday, The company said it remains comfortable with sequential revenue growth despite the negative market dynamics throughout the telecommunications industry. In April, the company projected a sequential increase in revenue, EBITDA losses of $6 million to $8 million and cash use of $14 million to $16 million for the second quarter. A Thomson Financial/First Call survey of analysts produced a mean second quarter of 2002 loss forecast of 15 cents a share on revenue of $33.8 million for Internap. Internap lost 45 cents a share on revenue of $29.3 million for the second quarter ended June 30. biz.yahoo.com