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Technology Stocks : Network Appliance

NTAP 109.82

-1.0%

3:59 PM EST

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To: DaYooper who wrote (10823)	5/24/2007 1:15:50 PM
From: pirate_200	Read Replies (1) of 10934

> Anyone listen to the cc? > > Slowdown in enterprise spending??? Very strange. They said there was a "air pocket" in March. U.S. firms were slow to buy because of macroeconomic speculation that was occurring at the time, talk of housing and other slow downs. NTAP said that business picked up in April but they weren't able to build their normal level of backlog going into the next quarter, their fiscal year Q1. So, they dropped revenue targets for Q1. Either this was a one time thing or there may be something else out there. NTAP did say they "think" they will be able to hit their expected close to 30% year-to-year growth this next fiscal year yet, they decided not to give official guidance beyond Q1. So, NTAP is cautious looking forward and hence the stock price will reflect that caution. Going into the doldrums of summer, I suspect we're going to see some good buying opportunities going into the summer and early fall. The investment houses are probably getting out of the stock today and will issue their downgrades later today or tomorrow.

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