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Technology Stocks : Network Appliance
NTAP 113.78-1.6%1:32 PM EST
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To: tekboy who wrote (6880)3/8/2001 8:57:22 AM
From: spiral3  Read Replies (2) of 10934
 
Salomon Smith Barney also lowered multiple storage stocks, due to expectations that the group will be under pressure in the near- term. The firm dropped Brocade Communications (BRCD), EMC Corp (EMC), and Inrange (INRG) to "Accumulate" ratings from "Buy" ratings and lowered Network Appliance (NTAP) to a "Hold" from an "Outperform."

Solly left its "Buy" rating on Veritas (VRTS) based on the company's "unique position" in the storage industry.

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