Some NTAP nuggets from VL.
In the 3/31/00 Valueline they featured NTAP.
"The Internet has revolutionized the need for efficient data storage and retrieval, and Network Aplliance derives most of its business from Internet companies. Usage in Asia and Europe is only beginning to approach domestic growth rates. Infrastructure and flexible markets have contributed to rapidly declining Web access costs in the U.S., and these attributes are now falling into place overseas. As bandwidth increases, demand for data-intensive multimedia applications is apt to accelerate."
"Such technology notables as EMC, HP, and SUNW aren't now a major factor in the NAS market, but their presence is growing. To strengthen its position, NTAP has forged commercials alliances with DELL, ORCL, LGTO, and VRTS. Today, the company supplies nine of the ten largest internet Service providers and 13 of the top 15 web sites including Yahoo! on which it launched a co-branding initiative."
"Business is booming for NTAP and shows no sign of easing. The company has added new products like network caching devices, and is selling more high-margin software services. Accordingly, shares have the potential to advance by better than 60% a year through 2003-2005."
"Buying these shares on price weakness may be a sounder strategy for aggressive investors, as long as the company's business fundementals remain positive."
Overall a bullish article from the conservative publication. Had to type it though.
Jack |
