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Technology Stocks : Computer Network Technology (CMNT)

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Dec 3 4:00 PM EST

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To: lnkennedy who wrote (680)	11/19/1999 1:17:00 AM
From: George Dawson	Read Replies (1) of 750

Neal, As an owner I have a continued interest in grand moves. My initial interest in this stock was as a fibre channel integrator and an indirect play in Brocade Communications. Brocade makes the FC switches that CNT uses. The experts in storage predict a booming business and greatly increasing fibre channel and SAN demand beginning next year. The only analyst who apparently prefers the alternate storage method (NAS or Network Attached Storage) is George Gilder. Most of the analysts see SANs and NAS sharing the storage market fairly equally going into the next several years. CNT has had some rough times financially that you can read about in their 1998 annual report. Some of that appeared to be special charges related to acquisitions, since the sakes per share has increased steadily since 1989. They believe they have turned the corner. You can read about the acquisition and R and D costs in that report with an increasing bottom line in 1998. They list an impressive group of customers and products in that report. I think the most exciting aspect of their business is that they are developing niche products in the storage market and may have the potential to be fairly exclusive suppliers of these products. For an excellent overview I would recommend reading "SAN over WAN: The Next Frontier" by Mark Knittel, Group VP Product Operations. It will quickly bring you up to speed on current products and to some extent strategies: cnt.com I can't tell you where the stock will go. A lot depends on how well the company executes the business plan and market acceptance of their products. As far as companies that use fibre channel in part of their storage solution they seem ahead of the curve. If put much weight on analyst opinions they are currently 5 = strong buy, 1 = buy, and 1 = hold: earnings.nasdaq-amex.com 64% of the shares are held by 145 institutional investors (total shares of about 24M): quicken.com George D.

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