Company Result: Network Equipment Technologies Inc

Computergram International, Jan 16, 1998

Network Equipment Technologies Inc, Redwood City, California- based Wide Area Network equipment manufacturer, has reported third quarter net profits down 62.6% at $2.5m on revenue down 13.6% at $72.0m; nine-month net fell 14.5% to $13.9m on revenue up 3.5% at $229.8m. Net earnings per share fell 64.5% to $0.11 in the quarter, down 16% to $0.63 in the nine months.

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