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Technology Stocks : Network Appliance

NTAP 99.58

-0.9%

Feb 5 3:59 PM EST

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To: DownSouth who wrote (2008)	1/6/2000 10:10:00 PM
From: HDC	Read Replies (2) of 10934

DS, Hi! After further review, it appears that a significant portion of the sales at the end of the day were caused by margined traders who were forced to sell. Margin can sure burn you on the way down! In case you haven't noticed yet, NTAP's correction has now reached 20% following a high of $90 recently. I think we may have reached the lower range on our correction. There was a rumor floating around that Microsoft might miss its number if you can believe it. Boy, the warnings & rumors of warnings season is in full bloom!<g> Goldman Sach's analyst put that one to rest in an interview on CNBC this afternoon. He said he had talked with the company and they wouldn't have a problem. The Lucent warning was company specific according a Robbie Stephens analyst. They have their hands full with their customers switching to fiber optics. It will be a real horse race to see if they can increase their fiber optic equipment sales fast enough to offset the slowing of their legacy switching equipment business. In after hours trading CSCO is called down $5 in sympathy with Lucent. I can't believe that people would shed CSCO after rising 124,825% during the decade of the 1990's. I'm encouraged with my NTAP after Robbie Stephens said they remind them of CSCO back in the 1980's before they grew to dominate the networking sector. I think we have a fun decade ahead of us - after this correction, of course. <g> Best, Duncan

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