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Technology Stocks : Network Appliance
NTAP 105.54+1.2%3:59 PM EST
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To: kas1 who wrote (475)12/11/1998 3:53:00 PM
From: riposte   of 10934
 
NETWORK APPLIANCE INC (NTAP) Quarterly Report (SEC form 10-Q)

I'm no expert, but it looks pretty good to me!

[TEXT DELETED...]

Net Sales Net sales increased by 70.9% to $65.6 million for the three months ended October 30, 1998, from $38.4 million for the three months ended
October 24, 1997. This increase was primarily attributable to a higher volume of units shipped, as compared to the corresponding period of the prior
fiscal year. Factors impacting unit growth include expansion of the Company's direct sales force; increased unit shipments principally due to the
successful launching of the Company's F700 Filer product family during the second quarter of fiscal 1999, and the continued growth in sales of the
NetApp(TM) F630; the shipment of NetCache(TM) appliances; increases in software subscription and service revenues due to a growing installed
base; and increased sales of multi-protocol systems. Net sales growth was also positively impacted by a higher average selling price of the newly
introduced F700 Filer product family due primarily to the increase in storage content, and an increase in the average selling price of the NetApp F630
primarily facilitated by the incorporation of fibre-channel disk drives which increase system capacity. Factors which partially offset overall net sales
growth include declining unit sales of the Company's older product family and decreases in base prices of the Company's older product line due to
competitive forces.


[REMAINING TEXT DELETED...]

FULL TEXT AT:

sec.yahoo.com
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