Network Appliance Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Network Appliance

NTAP 107.38

+0.5%

1:38 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: SecularBull who wrote (8945)	8/15/2001 12:18:22 PM
From: JakeStraw	Read Replies (2) of 10934

RESEARCH ALERT-Goldman cuts Network Appliance view biz.yahoo.com NEW YORK, Aug 15 (Reuters) - Goldman Sachs lowered its earnings estimates for Network Appliance Inc. (NasdaqNM:NTAP - news) on Wednesday after the computer storage maker reported a sharp drop in quarterly operating income. In a research note, Goldman said it cut its 2001 earnings estimate to 7 cents per share from 9 cents and the 2002 estimate to 15 cents per share from 31 cents. ``We are making substantial cuts in our NTAP estimates given a large first-quarter revenue miss and our assumption that NTAP's forward revenue improvements will mostly be tied to an economic recovery, which we expect to be shallow and gradual,'' the note said. ``At the same time, NTAP's customer mix continues to show considerable progress, although this is only partly reflected in current results, with this offering potential for eventual revenue upside.''

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next