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Strategies & Market Trends : Making Money is Main Objective

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To: lightwave51 who wrote (1586)	8/6/2001 1:54:32 PM
From: lightwave51	Read Replies (1) of 2155

Network App. faces slowdown: analyst (NTAP) By Tomi Kilgore AnalystAshoKumar at USB Piper Jaffray said it is unlikely that Network Appliance (NTAP) will reach his revenue estimate of $222 million for its fiscal first quarter, as a sales uptick in July doesn't appear to be enough to compensate for the weakness seen earlier in the quarter. A Thomson Financial/First Call survey of 13 analysts pegged sales at $214 million for the quarter ending in July. Kumar added that consensus 2002 earnings will likely need to come down. He feels Network Appliance is facing pricing pressures from storage industry leader EMC (EMC) , and from low-end vendors like Dell Computer (DELL) and Compaq Computer (CPQ) . "The company is handicapped by a weak customer base -- telecommunications and Internet centric companies -- which represent about two-thirds [of its revenue] mix," Kumar said in a note to clients. "It is likely that the company does not get the traction in the enterprise space to offset the weakness at its core customers. As such the company faces a secular slowdown in its growth rates." The stock is trimming 30 cents to $14.20.

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