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Strategies & Market Trends : Classic TA Workplace

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To: J_K who wrote (47979)	7/29/2002 11:31:40 AM
From: Paul Shread	Read Replies (1) of 209892

11:25 ET Network Appliance weak on various rumors (NTAP) 8.25 -1.14: As mentioned earlier, NTAP is conspicuously weak today (-12.5%) in an otherwise strong mkt; we are hearing that the weakness is being attributed to trading floor rumors speculating the co will preannounce, restate earnings, layoff workers, etc; in addition, we've heard a rumor that the co has cancelled an appearance scheduled tomorrow at the Soundview storage conference, however Soundview tells us that NTAP did not in fact cancel, but the co will not do one-on-one's because they are in their quiet period.

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