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Technology Stocks : Network Appliance

NTAP 106.38

-0.4%

Nov 18 3:59 PM EST

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To: DownSouth who wrote (3590)	7/8/2000 11:53:44 PM
From: tekboy	Read Replies (1) of 10934

moneycentral.msn.com "Consider the case of Network Appliance (NTAP, news, msgs), which came up short in its July, 1999 quarter as sales growth failed to match expectations. (In this case, "coming up short" meant matching analyst projections instead of producing the expected earnings surprise, and reporting revenue growth of "just" 80%.) That's led to talk among analysts that the quarter that ends in July will be "seasonally" weak for the company. Could be. But this kind of seasonality isn't a major factor in the long-term fundamental story of Network Appliance, and it's certainly less important than, say, the June 21 announcement of a new product that works with Oracle's new 8i Internet software. Thanks to the possibility of seasonality, a stock that traded at almost $87 on June 20 was selling for $73 on July 6. To a long-term investor, that's an opportunity to buy on short-term weakness." tekboy@fyi.com

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