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Strategies & Market Trends : The New Economy and its Winners

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To: Lizzie Tudor who wrote (27511)	2/16/2006 2:26:41 AM
From: Bill Harmond	Read Replies (1) of 57684

17:34 NTAP Network Appliance conference call details (31.16 ) NTAP says it "feels great" to post a 30% growth qtr again... co notes new markets opening up in emerging biz segments, co looks fwd to more biz w/ IBM, as well (IBM represented about 1% of total revs in qtr.) NTAP is asked about add-on software strength; co says there is no single driver, says several software categories picked up. NTAP says it will start next qtr with better inventory position to meet demand. NTAP reported strength in all major geographies, points to its new FAS3000 midrange product line as a source of strength. Co saw petabytes shipped rise 30% sequentially, driven by FAS3000 units, and the resurgence of its 980 product. NTAP bought back 5 mln shares, cash outlay of $145.6 mln; co says it will continue to buy back stock, expects total shares out to decline modestly by the end of '06. Stock rises $3.14 to $34.30 after hours.

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