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To: Jorj X Mckie who wrote (39514)	5/13/2003 4:07:36 PM
From: Jorj X Mckie	Respond to of 57110

16:05 ET AMAT Applied Materials reports pro forma $0.03 vs $0.02 consensus (15.54 -0.18)

To: Jorj X Mckie who wrote (39514)	5/13/2003 4:14:38 PM
From: MulhollandDrive	Respond to of 57110

Network Appliance Announces Results for Fourth Quarter and Fiscal Year End 2003 Tuesday May 13, 4:08 pm ET Sixth Consecutive Quarter of Growth SUNNYVALE, Calif.--(BUSINESS WIRE)--May 13, 2003--Network Appliance, Inc. (Nasdaq:NTAP - News) today announced results for the fourth quarter and fiscal year 2003. Revenues for the fourth fiscal quarter were $241.6 million, an increase of 18% compared to revenues of $204.9 million for the same period a year ago, and a 6% increase compared to $228.5 million in the prior quarter. For the fourth quarter, GAAP net income increased 219% to $24.8 million, or $0.07 per share, compared to GAAP net income of $7.8 million, or $0.02 per share for the same period in the prior year. Pro forma net income for the fourth quarter increased 75% to $25.5 million, or $0.07 per share, compared to pro forma net income of $14.6 million, or $0.04 per share for the same period a year ago. Revenues for fiscal year 2003 were $892.1 million, an increase of 12% compared to revenues of $798.4 million for fiscal year 2002. For fiscal year 2003, GAAP net income was $76.5 million, or $0.22 per share, compared to GAAP net income of $3.0 million, or $0.01 per share for fiscal year 2002. Pro forma net income for fiscal year 2003 increased 97% to $83.8 million, or $0.24 per share, compared to pro forma net income of $42.5 million, or $0.12 per share for fiscal year 2002. "We are pleased with our performance for the quarter, particularly with our cash generation and the continued strength of the balance sheet. Our 12% increase in revenue over the last fiscal year is a direct reflection of our strong sales and operational performance," said Dan Warmenhoven, CEO of Network Appliance. "NetApp remains an industry market leader with our innovative products being recognized by eWeek and Network Magazine for best products of the year." biz.yahoo.com