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O.C. BUSINESS PLUS | ORANGE COUNTY EARNINGS

Simple Technology Inc.:

April 26, 2001

The Santa Ana maker of data storage and memory products reported first-quarter net income of $4 million, or 19 cents a share, down 18% from $5 million a year ago before the company went public. Revenue increased 2% to $58.7 million. Simple Technology launched its initial public stock offering last September.

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