F5 Networks Issues Earnings Warning

SEATTLE -- F5 Networks, Inc. (Nasdaq:FFIV), the leading provider of Internet Traffic and Content Management (iTCM) products, announced that revenue and earnings for its first quarter ending December 31, 2000, would be below market expectations. Revenue for the first quarter is now expected to be in the range of $24 million to $26 million. A loss before taxes of approximately $0.48 to $0.50 per share, exclusive of restructuring charges, is expected. Actual results for the quarter ending December 31, 2000 will be reported in the company's regular quarterly earnings release. At that time the Company will also revise fiscal year 2001 guidance on revenues and earnings.

John McAdam, President and CEO, F5 Networks, Inc., said, "Sales in the current quarter have trailed our expectations mainly due to the slowdown in purchasing of infrastructure related equipment. Market conditions in North America have softened rapidly, but we are confident that our ability to compete in the Internet Traffic Management and Content Delivery market will remain strong."

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