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Technology Stocks : Network Appliance

NTAP 111.31

+1.9%

11:12 AM EST

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To: gingersreisse who wrote (8089)	5/9/2001 9:04:25 AM
From: JakeStraw	Read Replies (1) of 10934

BusinessWeek Online STREET WISE -- "Visibility": A Look behind the Buzzword biz.yahoo.com NO CONFIDENCE. At the Merrill conference, every company was asked to comment on visibility. At best, execs said they thought things had gotten about as bad as they could. Most guessed at what would happen the second half of the year, saying they assume that if the economy stays about the same, business will pick up a bit. Jeffry Allen, the chief financial officer at storage-equipment maker Network Appliance (NasdaqNM:NTAP), had a typical answer. ``We're not ready to say we see signs of a recovery,'' he said. ``But it is my personal belief that we've probably seen the worst of the cuts in capital spending, and companies will probably start to make plans to spend.'' Merrill semiconductor-equipment analyst Brett Hodess summed it up best: ``Companies that presented on the first day were generally hopeful that demand would improve in the second half, but not confident of it.''

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