I used co-king for lack of a better word, when a market is dominated by a duopoly, but you are correct. We should be strict in using terminology or it just becomes babble. How about "crown prince" to suggest something a bit more powerful than a regular prince? Yes, I'm finally beginning to see that NAS and SAN may be driven by different forces. I was slower on the uptake on this than usual, but the game is still in the first quarter. Down South and George Gilder amongst others have helped me understand this better.
I don't see any huge barriers to entry by EMC into NAS, and EMC has indicated that they know what's going on. At the moment NTAP products apparently don't scale up well, and EMC don't scale down well. I guess it depends on whether you are a "lumper" or "splitter", but I consider the kingdom to be storage networks, and I suspect that it's just too much for one company to become a gorilla. In any case investing into both should work out well. While I have no diversification outside of tech (except for cash), I would at least like a bit inside it.
I had a relative in EMC, she has doubled her money, and now I'm wondering if NTAP is too speculative for her. I always feel a lot worse when I lead someone else to an investment mistake than when I get one myself. By prevailing standards, the PE/growth ratios of both aren't high, meaning either that the market doesn't yet grasp what's going on, or that we are on the wrong track ourselves ... <<gg>>
regards Luke |
