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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: StockHawk who wrote (42677)	5/16/2001 2:45:09 AM
From: Bruce Brown	Read Replies (1) of 54805

Quarterly reports from BEA Systems, Brocade Communications and Network Appliance arrived last night. No need to mention the environment has been challenging and will continue to be so throughout the summer for all the companies, but - as always - there will be strong survivors over the longer haul. BEA Systems (BEAS): biz.yahoo.com Year over year license revenue grows 89%, revenue up 67% on a year over year basis, management raised EPS guidance from the previous range of $.39 -$.41 to $.41 - $.43 for the full fiscal year. They also mentioned their previous revenue guidance last quarter of 46% - 48% for the full fiscal year remains the target and most likely will be on the lower end of that range. Brocade Communications (BRCD): biz.yahoo.com Year over year revenue increase of 86%. Sees better business ahead. [Brocade President and COO, Michael Byrd added, "We are sober about the effect that the economy has had on the enterprise technology marketplace and on our short-term business outlook. We are committed to doing what is right for the business and will continue to invest in engineering resources and quota-carrying sales personnel at a rate that will continue to outpace our competitors. We believe that our long-term prospects and competitive position in delivering the world's leading intelligent platform for networking storage have never been stronger. As enterprise capital spending continues to thaw, we are well positioned for growth in the latter part of fiscal 2001." ] Network Appliance (NTAP): biz.yahoo.com Revenues increased 13% on a year over year basis. Full fiscal year revenue reached $1 B which was a 74% increase from the previous fiscal year. "Net App CEO: IT spending seems to have found bottom" upside.com [The worst of the radical slowdown in information technology spending appears to be over and budgets seem to have stabilized, said Network Appliance's (NTAP) chief executive. "Most customers have settled on a budget for the year," said Dan Warmhoven in an interview today, following his company's earnings announcement. "We've essentially found a new level, a lower level, but at least a stable level."] BB

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