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Technology Stocks : Network Appliance

NTAP 110.88

-0.6%

9:46 AM EST

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To: Normandi who wrote (4030)	8/15/2000 1:11:01 PM
From: H.A.M.	Read Replies (1) of 10934

Robertson Stephens Daily Growth Stock Update SAN FRANCISCO, Aug. 15 /PRNewswire/ Estimate Change: Network Appliance (Nasdaq: NTAP) 2001 EPS: $0.40 from $0.34 2002 EPS: $0.57 from $0.48 Strong Buy Dane Lewis, Network Storage Systems and Software "Network Appliance reported strong 2001 first quarter results, with revenues and earnings exceeding our estimates," said Lewis. "Gross margins improved to 61.3 percent, versus 59.8 percent last quarter, driven by an increase in software sales, reduced component costs and higher service margins resulting from the company's substantial investment in customer service. We are adjusting our estimates due to Network Appliance's strong quarterly results. We reiterate our Strong Buy rating."

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