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Jni Corp

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BUSINESS
May 21, 2002 | Reuters
JNI Corp., which makes equipment for data and storage networks, said it discovered it had overstated fourth-quarter sales by 4% and that its board had fired Chief Executive Neal Waddington as a result. The news sent JNI shares down to as low as $4.70 in after-hours trading. The shares had closed off 27 cents at $5.37 on Nasdaq before the announcement.
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BUSINESS
May 21, 2002 | Reuters
JNI Corp., which makes equipment for data and storage networks, said it discovered it had overstated fourth-quarter sales by 4% and that its board had fired Chief Executive Neal Waddington as a result. The news sent JNI shares down to as low as $4.70 in after-hours trading. The shares had closed off 27 cents at $5.37 on Nasdaq before the announcement.
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BUSINESS
October 28, 1999 | Times Wire Services
With earnings growth at technology giants under pressure, maybe it's no surprise that investors continue to snap up new issues tied to the Internet. Among companies making their trading debuts Wednesday, San Diego-based JNI Corp. (ticker symbol: JNIC), whose fiber channel technology provides faster links between servers and data storage devices, zoomed $23 to $42. Also, InterTrust Technologies (ITRU) of Santa Clara surged $36.38 to $54.38.
BUSINESS
August 5, 2000 | From Bloomberg News
Emulex Corp. shares surged 43% Friday, a day after the Costa Mesa company reported fiscal fourth-quarter sales and profit that exceeded analysts' forecasts. Emulex, which makes computer cards that speed data transmission, rocketed $20.38 to $67.94 a share in Nasdaq trading, adding about $736 million in market value. The shares were still far below the record $225.50 reached March 27.
BUSINESS
February 13, 2001 | KAREN ALEXANDER, TIMES STAFF WRITER
Leaving no corner of the technology sector immune from investor wrath, Wall Street pummeled storage networking companies Monday after Emulex Corp. warned that orders being deferred could lead to flat sales growth for the first three months. Shares of Emulex, the market leader in fiber channel storage networking products, hemorrhaged nearly half their value, falling $37.13, to close at $40.38 in Nasdaq trading Monday. The 48% plunge was the largest drop Emulex has seen since a stock hoax Aug.
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