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Technology Stocks : Network Appliance
NTAP 109.72-1.6%Nov 13 3:59 PM EST
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To: DownSouth who wrote (5686)12/27/2000 5:10:19 PM
From: HDC  Read Replies (1) of 10934
 
DS, Thanks for the database info. Have a Happy New Year in 2001. Year 2000 has been a wild ride. NTAP is still up from around $40/share at the beginning of 2000.

It turns out we were right 18-20 months ago when we discussed how networked storage would be important due to the simple fact that data was what corporations valued most rather than the computing power of their boxes. This appears to be developing as predicted as companies are reporting that data storage is becoming their IT priority versus PC upgrades, etc.

I continue to be impressed with the wisdom and foresight of the NTAP management team. Inktomi & CacheFlow are having trouble rising from their recent low due, at least, in part to their focus on Internet Service Providers and telecom companies. The high interest rates now in place are putting a squeeze on their capital budgets. Many of these companies are loaded with debt. Interest rate changes effect their ability to borrow more money to buy equipment. NTAP's pursuit of the enterprise space has been a wise choice. Though they are impacted to some extent by interest rates, these major enterprises often are less leveraged and are able to purchase necessary equipment.

Best,

Duncan
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