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Short Take: Alteon WebSystems reports earnings

Alteon WebSystems, which makes networking gear that speeds the performance of Web sites, today announced that net sales for the third quarter were $28.2 million, up 65 percent from the $17.1 million reported in the second quarter of fiscal 2000, and up 321 percent from the $6.7 million in net sales reported in the third quarter of fiscal 1999. Net loss for the quarter was $1 million, or a loss of 3 cents per share based on 37.6 million shares. This compares with a net loss of $3.9 million, or a loss of 11 cents per share based on 35.5 million shares in the second quarter of fiscal 2000, and a net loss of $2.7 million, or a loss of 35 cents per share on 7.9 million shares for the third quarter of fiscal 1999, according to the company.

    Alteon WebSystems, which makes networking gear that speeds the performance of Web sites, today announced that net sales for the third quarter were $28.2 million, up 65 percent from the $17.1 million reported in the second quarter of fiscal 2000, and up 321 percent from the $6.7 million in net sales reported in the third quarter of fiscal 1999. Net loss for the quarter was $1 million, or a loss of 3 cents per share based on 37.6 million shares. This compares with a net loss of $3.9 million, or a loss of 11 cents per share based on 35.5 million shares in the second quarter of fiscal 2000, and a net loss of $2.7 million, or a loss of 35 cents per share on 7.9 million shares for the third quarter of fiscal 1999, according to the company.