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Technology Stocks : Network Appliance

NTAP 107.32

+4.0%

Nov 21 9:30 AM EST

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To: Cirruslvr who wrote (1357)	8/19/1999 12:50:00 PM
From: Beltropolis Boy	of 10934

fwiw, some details on the two upgrades. btw, beautiful post on the conference call, DS. just beautiful. you have my sincere thanks. ----- RESEARCH ALERT-Network Appliance forecasts upped August 19, 1999 10:06 AM NEW YORK, Aug 19 (Reuters) - Deutsche Bank Alex Brown on Thursday said its analyst Phil Rueppel its raised earnings estimates for data storage device maker Network Appliance (NTAP) Corp. -- Raised fiscal year 2000 EPS estimate to $0.73 from $0.67. -- Raised fiscal year 2001 EPS estimate to $1.05 from $0.90. -- Raised second quarter 2000 EPS estimate to $0.17 from $0.16. -- Raised fiscal year 2000 revenue estimate to $493 million from $465 million. -- Raised fiscal year 2001 revenue estimate to $725 million from $680 million. -- Set a new price target of $66. -- said: "We continue to view NTAP as a core Internet-infrastructure play, as more 'dot.com' sites see the value of high-performance storage. Not only does this trend show that Network Appliance is in the sweet-spot of demand, but we believe it gives them greater visibility through year-end as these new e-commerce and Internet applications are less vulnerable to any Y2K demand disruptions." * RESEARCH ALERT - Lehman raises Network Appliance** August 19, 1999 09:57 AM NEW YORK, Aug 19 (Reuters) - Lehman Brothers said on Thursday it raised its earnings estimates on data storage device maker Network Appliance (NTAP) Corp. -Raised its fiscal year 2000 EPS estimate to $0.71 from $0.68 and its second quarter 2000 earnings to $0.17. -- Set its fiscal year 2001 EPS estimate at $1.00. -- Raised its price target to $65 from $60. -- Reiterated its 2 outperform rating. -Said "the outlook for storage products including filers and NetCache remains bright, and we expect Network Appliance to maintain its leadership position in the market."

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