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Technology Stocks : Network Appliance

NTAP 111.56

+2.1%

Nov 28 9:30 AM EST

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To: MileHigh who wrote (841)	4/12/1999 11:43:00 AM
From: Beltropolis Boy	of 10934

>you have to wonder whether NTAP is committed to the cache business ... i think they're pretty committed today. <vbg> ----- Network Appliance says in Microsoft pact Reuters Story - April 12, 1999 09:25 SANTA CLARA, Calif., April 12 (Reuters) - Network Appliance Inc. said Monday it reached an Internet media technology partnership agreement with Microsoft Corp. Network Appliance said under the pact, it will enter joint marketing initiatives and develop new products based on its splitting and caching technology used to direct streaming media over networks and the Internet. The technology is used to cut down on network congestion and speed up access to multimedia data such as audio and video presentations. Network Appliance said it expects to deliver products based on the agreement during the second half of 1999. Shares of Network Appliance rose 13/16 to 59-7/16 in early trading, bucking a downward market in technology stocks.

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