Network Appliance Inc

Network Appliance Inc., which builds "virtual" warehouses for the Web, said that fiscal second-quarter earnings jumped 128%, edging past forecasts, on strong demand for its products. Sunnyvale-based Network Appliance reported net income of $36.6 million, or 10 cents per share, versus $16.1 million, or 5 cents, a year ago. Shares closed up $11.75, or 14%, at $96.25 on Nasdaq, before the results were released. The stock lost most of its gains in after-hours U.S. trading, falling to $87.

Network Appliance Inc., which makes computers that store and deliver data on computer networks, reported a net loss but better-than-expected operating results for its fiscal second quarter as sales declined. Shares of the Sunnyvale, Calif.-based company fell 6.5% to $17 in extended trading after closing up 71 cents at $18.19 on Nasdaq. The results were released after the markets closed. The company posted a loss of $11.2 million, or 3 cents a share, contrasted with net income of $35.

Network Appliance Inc., which makes computers that store and deliver data on computer networks, reported a net loss but better-than-expected operating results for its fiscal second quarter as sales declined. Shares of the Sunnyvale, Calif.-based company fell 6.5% to $17 in extended trading after closing up 71 cents at $18.19 on Nasdaq. The results were released after the markets closed. The company posted a loss of $11.2 million, or 3 cents a share, contrasted with net income of $35.

Network Appliance Inc., which builds "virtual" warehouses for the Web, said that fiscal second-quarter earnings jumped 128%, edging past forecasts, on strong demand for its products. Sunnyvale-based Network Appliance reported net income of $36.6 million, or 10 cents per share, versus $16.1 million, or 5 cents, a year ago. Shares closed up $11.75, or 14%, at $96.25 on Nasdaq, before the results were released. The stock lost most of its gains in after-hours U.S. trading, falling to $87.

Applied Materials Inc. said Tuesday that its fiscal first-quarter profit surged well beyond forecasts as chip makers bought more machines to meet demand. The semiconductor equipment maker's net income rose to $328.5 million, or 80 cents a share, from $46 million, or 12 cents, a year ago. Sales more than doubled to $1.67 billion from $742.5 million as chip makers revived mothballed plants to meet orders from computer and cell phone makers. Orders, which rose to a record $2.

Novell Inc. said it is carving out its caching and content networking division and creating a company called Volera, in which telecommunications equipment giant Nortel Networks Inc. and business consultant Accenture will take minority stakes. The new company will sell products and services that help accelerate the distribution of multimedia content, such as video clips and music, on the Internet.

Barnes & Noble Inc., the world's largest book retailer, had a fiscal first-quarter profit of $12.5 million as shoppers bought hardcover books on politics and the Iraq war such as Bob Woodward's "Plan of Attack." Net income of 17 cents a share in the quarter ended May 1 beat analysts' consensus estimate by 5 cents. A year earlier, the firm posted a net loss of $2.03 million, or 3 cents a share. Sales increased 23% to $1.45 billion, the New York-based retailer said.

Compaq Computer Corp. unveiled a device to help companies store reams of information on computer networks, a market where the No. 1 maker of personal computers struggled last quarter. The device, known as a network-attached storage appliance, connects to networks of servers, the machines that power Internet sites and internal systems for large companies. The market for so-called NAS devices is expected to top $6.5 billion in 2003, up from $1 billion this year, Compaq said.

Among the new and revised stock ratings issued Thursday by Wall Street analysts: * American Classic Voyages Co. (ticker symbol: AMCV; close and change: $17.31, up 63 cents) was raised to "buy" from "accumulate" by A.G. Edwards & Sons, with a price target of $30. * Autozone Inc. (AZO; $29.75, down $1.38) was downgraded to "market perform" from "buy" by Donaldson Lufkin & Jenrette Securities. * Compuware Corp. (CPWR; $30.

Shares of Procom Technology Inc., a Santa Ana computer data storage company, jumped nearly 35% on Wednesday after a well-known technology periodical issued an upbeat analysis of the company. Procom's stock closed at $57, up $14.75 a share, after reaching a high for the day of $74 in extremely heavy Nasdaq trading. A total of 8.7 million shares changed hands, more than 90 times the stock's average daily volume of 98,100 over the past three months.

Applied Materials Inc. said Tuesday that its fiscal first-quarter profit surged well beyond forecasts as chip makers bought more machines to meet demand. The semiconductor equipment maker's net income rose to $328.5 million, or 80 cents a share, from $46 million, or 12 cents, a year ago. Sales more than doubled to $1.67 billion from $742.5 million as chip makers revived mothballed plants to meet orders from computer and cell phone makers. Orders, which rose to a record $2.

IBM Corp. and Novell Inc. will unveil a pact today, using Novell network software to link many office computers ready to handle electronic-commerce operations. The two companies plan to announce the pact at Brainshare, the annual Novell software developers' conference in Salt Lake City this week. Resulting products are expected to ship within two quarters, officials said.