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Strategies & Market Trends : Steve's Channelling Thread
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To: Zeev Hed who wrote (19965)7/7/2001 6:41:40 PM
From: Jacob Snyder  Read Replies (2) of 30051
 
Wow. And I thought I was bearish. You're expecting NTAP to go to 2 (from a 2000 high of 152!).

Yes, they are considered to be in the same sector. And managements of both companies have said that NAS and SAN are converging. But that's the future. Right now, they have only partial overlap in product offerings and customer bases.

Yesterday on EMC had the feel of a capitulation low. Month after month of bad news, capped by the company warning (and how!), and a spike down on big volume. Assuming 30-50% EPS growth resumes once the macro picture clears, valuations are now reasonable.

I don't know how to use book value for a company whose value is mostly between the ears of its employees, and in its proprietary intellectual property.

I think expecting a P/S of 1 is way too bearish, in an industy with such high margins.
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