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Article: Inet Technologies Reports Second Quarter Financial Results; Company Reduces Cost Structure as Planned and Maintains Strong Balance Sheet.
- Article from:
- Business Wire
- Article date:
- July 17, 2001
CopyrightCOPYRIGHT 2001 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors & High-Tech Writers
RICHARDSON, Texas--(BUSINESS WIRE)--July 17, 2001
Inet Technologies, Inc. (Nasdaq:INTI), a leading global provider of communications software solutions for next-generation networks, today reported financial results for its second quarter ended June 30, 2001.
Revenues for the three months ended June 30, 2001 were $24.0 million versus revenues of $36.8 million in the second quarter of 2000. Excluding a restructuring charge primarily related to a workforce reduction and other charges related to inventory, the Company reported a net loss of $1.5 million, or $0.03 per share, for the second quarter of 2001, ...
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