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Technology Stocks : Network Appliance
NTAP 103.34+3.8%Feb 6 9:30 AM EST
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To: Miguel Octavio who wrote ()1/3/2000 11:20:00 AM
From: JOE  Read Replies (1) of 10934
 
NTAP will not be good in the 3-6 months because of the Y2K inventory build-up of companies during the last 6 months, which already build in the stock price.

Plus the interest rate hike, I expect the stock remain flat or even down 20-40% before next rally. IBM is much better choice instead. Companies actually will start to purchase more IBM Hardware. and the focus will shift from Y2K fixing to aggressive Internet B2B services. If we don't here much of Y2K bug report in next 3-4 week, IBM will be much higher. I expect it will at least 2x this year.
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