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Technology Stocks : Network Appliance
NTAP 117.53+0.2%Dec 8 3:59 PM EST
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To: Kayaker who wrote (9518)11/13/2001 5:41:12 PM
From: Sully-   of 10934
 
* 17:28 ET Network Appliance (NTAP) 18.19 +0.71: -- Update -- On call, company says it is "very encouraged with its performance in a range of enterprise markets." However, the company remains cautious. It expects backlog to build for the rest of the fiscal year, but shipments should be less than orders....Company encouraged that the likes of Cisco and Texas Instruments are buying product again..Gross margin was higher than expected, but is difficult to forecast...stock trades lower as call goes on. Now at 16.90.
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