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Technology Stocks : Network Appliance

NTAP 109.57

+2.1%

3:34 PM EST

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To: Miguel Octavio who started this subject	3/6/2002 2:49:15 PM
From: Uncle Frank	Read Replies (1) of 10934

Ntap's dip today is sector driven: The storage sector faced more pressure Wednesday after McData lowered guidance and EMC had its earnings estimates cut by a brokerage. McData said it expects revenue of $73 million to $78 million in the first quarter, compared with previous guidance of $85 million to $95 million, citing a reluctance among customers to spend. As a result, the company now expects a loss of 2 cents to 4 cents a share, excluding noncash deferred compensation and amortization charges. The company had been expecting to break even, or even post a profit of as much as 2 cents a share. thestreet.com

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