CFO magazine: 70% IT CapEx budgets is Storage, doubles every 9 months, in 2 yrs 90% networked storage from 10% today, i.e. 9x or 800% increase, to networked storage instead of direct attached or server drives now, SAN and NAS convergence, 60% see storage growth 25%, but 35% see growth more than that even in this economic downturn, so when this resting economy recovers, storage will soar even more. Corporate Financial Officer CFO magazine, "Storage: Data, Data Everywhere" techwatch, June 2001, page 34. cfo.com
Well, NTAP at $20, take 9x that is $180, well above its $152 prior high, as I have predicted previously, this stock will recover not IF but WHEN and this article indicates a 2 year window for the WHEN. Nice return on investment ROI.
Or calculate it this way, $20 double $40, double $80, double $160.
The figure I like is the 70% of It Capital Expenditure budget spent on storage, according to Steve Duplessie founder of consulting firm Enterprise Storage Group quoted in the article, that is even bigger, bigger than the growth ever experienced by CSCO or QCOM or IBM or MSFT or any of the other go-go stocks or recent years previous tech guru stocks. I see NTAP doubling and doubling, and splitting and splitting all the way up and beyond these highs.
I am,
Truly your$,
-Crystal Ball |
