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Technology Stocks : Network Appliance

NTAP 109.26

-0.4%

9:38 AM EST

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To: Normandi who wrote (4030)	8/15/2000 1:52:44 PM
From: FiloF	Read Replies (2) of 10934

IMO it is general market conditions rather than a specific NTAP issue that have caused this sell-off. The market wants awesome news and even when great earnings are announced, stocks are punished while some people try to find dark clouds in the silver lining (and if they cannot find them, they make things up!). I guess the rich valuations also bring with them unrealistic expectations. I compare the reaction here to what happened with AMAT. The major difference is that there is a debate regarding the continued growth of AMAT's industry (some talk of a cycle end), whereas there is no doubt that NTAP's industry (storage) will continue to grow at a phenomenal clip. This makes the NTAP sell-off even more illogical. In the long run (and probably in the short run, assuming no market meltdown), NTAP will be cruising. A buying opportunity for those that can afford it (and can stomach the volatility that others on this thread have been pointing out). Cheers.

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