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Technology Stocks : Network Appliance

NTAP 110.11

+0.3%

10:37 AM EST

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To: Miguel Octavio who started this subject	5/2/2001 6:51:28 PM
From: pirate_200	Read Replies (1) of 10934

There's light at the end of the funnel!! I can't give you a definition of a "sales funnel" but whatever the hell it is, Jeff Allen, CFO of NTAP says it "has never been better". A CFO making this type of comment is pretty optimistic given the financial bean-counter's typical reserved comments. I think the "funnel" means deals in progress, not yet booked, which means business is picking up. There's light at the end of the funnel! :) -------- See: thestreet.com -------- "NetApp CFO Jeffry Allen displayed a similarly guarded optimism in comments he made to an audience of portfolio managers later Wednesday morning. "I'm not willing to call a trend," Allen said. "But it's my personal belief that we've seen the worst of the uncertainty about capital spending," and that customers are getting close to finishing their budget re-examinations." ... "Our sales funnel has never been better," Allen said. "It's just frustratingly slow to close." --------

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