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Technology Stocks : Network Appliance

NTAP 115.66

-2.9%

Dec 12 9:30 AM EST

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To: Miguel Octavio who started this subject	7/18/2001 7:13:21 PM
From: pirate_200	Read Replies (2) of 10934

Where's the warning? Veritas finally capitulated and confessed that the future isn't as bright as originally forecast for 2001. EMC just threw their hands up and said they can't give any meaningful forward guidance other than Q3 will be worse than Q2. IBM has said that overall 2001 won't be great but they claim to be doing well with their "Shark" storage system versus EMC. Add all of this up and one would think NTAP, if they had something negative to say, would have said it over the last few weeks to "blend in" with the rest of the negative storage news. I'm sitting here wondering, which is the likely scenario? 1. NTAP will make their projected flat-ish quarter, thereby meeting guidance. 2. Things are so bad, that they figure it is worth waiting till the quarter closes completely to confess, hoping business closes by the end of the quarter. My gut says #1 is more likely only because they pre-announced last quarter around the EMC pre-announcement and would have done something similar if that were the case this quarter. However, the abundance of negativity makes one wonder...

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