Financial Relations Inc. Announces Client Successes, Including NWK's Tripled Earnings

Network Equipment Technologies, Inc. (NYSE: NWK) has reported its second-quarter earnings, which more than tripled, despite lower revenue, due to a tax benefit and reduced expenses. In related news, JDS Uniphase Corporation (Nasdaq: JDSU; TSX: JDU) will report its fiscal 2005 first-quarter financial results on October 27, 2004. Additionally, First Data Corp. (NYSE: FDC) will boost its share repurchase program by $1.5 billion.

Key Takeaways:

• Network Equipment Technologies' (NWK) second-quarter earnings more than tripled, resulting from a tax benefit and reduced expenses, despite lower revenue.
• JDS Uniphase Corporation (JDSU) will report its fiscal 2005 first-quarter financial results on October 27, 2004.
• First Data Corp. (FDC) will increase its share repurchase program by $1.5 billion.
• Financial Relations Inc. assisted its client, NWK, in achieving improved liquidity and increased trading volume, resulting in better capital access.
• Financial Relations Inc. has a financial communications program that helped NWK establish a broader and more diverse audience for its investment idea.
• The company charges each client $10,000 in cash for news distribution and may have an equity position of up to 4.9% in the companies mentioned.

Statistics:

• NWK's second-quarter earnings more than tripled.
• NWK's revenue is lower than expected.
• JDSU will report its fiscal 2005 first-quarter financial results on October 27, 2004.
• FDC will increase its share repurchase program by $1.5 billion.
• Financial Relations Inc. charges $10,000 in cash for news distribution.

Sources:

• Network Equipment Technologies Inc.
• JDS Uniphase Corporation
• First Data Corp.
• Financial Relations, Inc.