StorageNetworks, Inc. (STOR) Message Board

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Technology Stocks : StorageNetworks, Inc. (STOR)

STOR 32.21

0.0%

Feb 3 4:00 PM EST

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To: Glenn Petersen who started this subject	2/22/2002 5:50:08 PM
From: orangefluffycat	Read Replies (2) of 187

Virtual death of a formerly nifty trading stock Morningstar gunning for them now (you know that will end up printed all over the web) reports.finance.yahoo.com and profitability a maybe in Q4 2007--- more than five and a half years away. Too bad but no reason to trade it. Tons of cheap companies turning a profit now, or years sooner than stor. You saw it slide (and not come back) with the old news of CEO diminishing his stake so much, plenty of room to do it again. .60 down, waffle around, and do it again, can happen quick. Don't get caught. Trade a safer stock with less baggage and make up your money that way. Go back to it way cheaper if you must, but use limit losses. Rumors EMC has major problems. It's sliding, whole sector has had projections decreased and market not looking like its found a bottom yet. No point in holding just to see it go lower next week. STOR is like the weakest link in the sector. Friday, February 22, 2002 2:40 PM NEW YORK (Reuters) - In an effort to optimize use of space and equipment and improve operating margins, storage software firm Storage Networks announced a new initiative to convert underutilized portions of their Waltham, Massachusetts headquarters to create and rent storage spaces for the general public. CEO Peter Bell summed up the strategy as follows: "This is an exciting new adjunct to our original storage model. Our core competence in storage management services will allow us to implement comprehensive storage solutions to a broad array of clients. The spaces will be fully scalable, allowing the storage needs of our customers to grow with their needs. By making better use of currently unused space, we project that we will be able to achieve true profitablity by the fouth quarter of 2007."

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