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Technology Stocks : Network Appliance

NTAP 117.53

+0.2%

Dec 8 3:59 PM EST

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To: quidditch who wrote (5726)	1/5/2001 5:12:05 PM
From: cfoe	Read Replies (1) of 10934

We have seen the analysts talk about reduced IT budgets There may be another similarity here to Telco situation. I also own Ciena, and as of now they have been spared the fate of Nortel and Lucent. Ciena has guided higher, not lower, revenues going forward, mainly because they have no legacy (older Sonet) products, which are the products seeing the main (exclusive?) decline in Telco capital spending. Could NTAP's situation be analogous to Ciena's. That is, they are selling the right product to their market. Maybe the items facing the IT slowdown are PCs (definitely), mainframes (probably) and big servers (also probably). So while in total IT spending may be slowing, NTAP could still see an increase.

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