re: "(even in the face of a potential storage spending slowdown). In this environment, there's no reason that NTAP cannot continue to grow consistent with guidance."
That is exactly what people were saying about CSCO not so long ago: "great company, great products, gaining on competitors, spending on their products is not discretionary, they'll be able to make their numbers no matter what happens to the economy or the industry." My response is: 1)when your customers aren't doing well, neither will you, no matter what else is happening, and 2)all spending is discretionary.
re: "There are clear arguments that show that NAS can trump SAN."
The most important word in that sentence is "can". I suspect you meant "will, certainly, I Believe". Actually, the head of NTAP said not very long ago that the NAS/SAN distinction was fading, it was becoming all one market (the storage market). And, you may even be right that NTAP will eventually win that turf battle. That's why I'm looking at the company. I'm leaning toward EMC as the winner, but I don't think the issue is decided (and probably won't be for several years).
But TheStory is not going to control where the stock goes any more. It's not 1999 or 2000 any more. It's 2001, and things are different now. Nobody is buying TheStory, they are buying an earnings stream. You still haven't made any response at all, to my questions/comments about earnings. I'm trying to prod you (or anyone else) into a discussion about what matters in this stock now. |
