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Technology Stocks : Advanced Digital Information Corp. (ADIC)

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To: Jim Oravetz who wrote (2162)2/1/2001 8:27:43 AM
From: Jim Oravetz  Read Replies (1) of 2283
 
Semi-OT: StorageNetworks (STOR) 27 15/16 -1: Update - On conference call, company said in regard to slowing IT spending "We have not seen slowdown....do not see storage as a discretionary service."

Storage Networks (STOR) 29 1/2 +1 9/16: Reported Q4 loss of $0.36 a share, $0.08 better than the First Call consensus of ($0.44); revenues rose 577.7% to $21.24 mln from a year-ago of $3.13 mln... expect 25% sequential sales growth each quarter in 2001 and for gross margins to improve throughout the year... Associated competitors include Legato Systems (LGTO 18 5/16 -1/16), EMC Corp. (EMC 76.25 +0.26) and Veritas Software (VRTS 94 3/8 -1/2)

Jim
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