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Technology Stocks : Network Appliance
NTAP 109.82-1.0%3:59 PM EST
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From: pirate_2008/4/2007 4:08:46 PM
   of 10934
 
NTAP: Canary in the coal mine?

I don't think this is as bad as the winter 2001 time frame but
it is becoming reminiscent of that time.

NTAP missed their numbers before EMC and started in a cycle of
dropping forward looking revenue targets and then missing them.
They later got to a point of being vague on guidance because of
the future being so "cloudy".

I'm sure they thought they only hit an "air pocket" in revenue
and thought they'd recover in Q1, but when they start giving
lowered guidance and then missing the lowered numbers, you
begin to wonder.

It'll be interesting to see numbers from other storage players
come September. It'll also be interesting to see what guidance,
if any, NTAP gives come the FYQ1 conference call.

One geo-political macro event could really cause some damage
going into the fall, never mind any economic macro event.
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