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Technology Stocks : Network Appliance

NTAP 111.56

+2.1%

Nov 28 9:30 AM EST

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To: gooch_the_farmer who wrote (5334)	11/22/2000 8:57:45 AM
From: riposte	of 10934

NetApp, Under Siege, Skids Another 9% From TheStreet.com... [TEXT DELETED] The bubble of hyperenthusiasm that had made NetApp one of the Nasdaq's highest fliers was officially popped last week when the law of large numbers finally caught up with the company. NetApp told analysts on its fiscal first-quarter earnings conference call that revenue growth and profit margins likely would start declining from their previous intergalactic levels. The stock fell about 20% on that news. But in the meantime, worries over the imminent release of a new midrange network-attached storage, or NAS, product by EMC (EMC:NYSE - news) have been keeping the pressure on NetApp stock. EMC hasn't set an official release date yet for the product, code-named Chameleon, but the thinking on Wall Street is that it could be on the market before the end of the year. [REMAINING TEXT DELETED] thestreet.com

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