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Technology Stocks : Network Appliance

NTAP 106.38

-0.4%

3:59 PM EST

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To: DownSouth who wrote (4574)	9/25/2000 2:01:46 PM
From: William F. Wager, Jr.	Read Replies (2) of 10934

RESEARCH ALERT-Network Appliance cut to buy NEW YORK, Sept 25 (Reuters) - WIT Soundview said analyst Glen Ingalls cut his rating on storage software maker Network Appliance Inc. <NTAP.O> to buy from strong buy on Monday. -- in report, kept earnings estimates unchanged. -- "Current quarter business is strong, prospects for the network attached storage market remain bright and we think NTAP will remain the space's strongest player. -- "At 42x leading revenue however, the stock presents too much downside exposure relative to its upside potential for us to remain strong buyers here." -- said would "return as aggressive buyers" with shares at $100. -- shares off $3-3/8 at $144. 10:46 09-25-00 Copyright 2000 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. All active hyperlinks have been inserted by AOL.

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