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Technology Stocks : Network Appliance
NTAP 111.56+2.1%Nov 28 9:30 AM EST
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To: Sully- who wrote (8949)8/14/2001 9:35:08 PM
From: 100cfm   of 10934
 
commenting that the company would drop prices to win deals if necessary and had discounted some products in the first quarter.

This is confirmed in the numbers reported.
Revenue decresed by 31M while cost of goods statyed the same from same Q last yr. Which means they sold aprox the same number of boxes but cut the price.

DW said they won't lose a sale on price.
Frank this is what we were concerned with, that EMC is dropping their draws to get a sale and NTAP will have to follow in kind. I agree with the strategy, NTAP needs to protect it's turf and market share. It's just a fact of life we have to live with in a slowdown, that margins are going to get squeezed.

100
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