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Technology Stocks : Network Appliance

NTAP 94.13

-9.4%

3:59 PM EST

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To: Madharry who wrote (303)	5/12/1998 9:37:00 PM
From: Leeza Rodriguez	Read Replies (1) of 10934

Conference call was bullish. BTB was positive and ASPs (average selling prices) jumped UP 20% due to the new products with fibre channel. A total of 12% of the products that shipped this quarter have fibre channel. If you ask me, NTAP is the blue chip way to play FC. Company states that they signed up 175 new accounts vs. 150 accounts in Q3. Cash on hand increased by 3.5Million this quarter. Company reports that they are aggressively hiring and that European bookings were up in Q4. They are seeing a marked shift to the high end, ala the products with fibre channel. Only negative thing I heard was that DSO's increased a few days. Company states that this is because the FC products shipped later in the quarter. The analysts seemed happy with the call with lots of "congrats for the quarter" comments. Playback is available thru the 15th at 800-633-8284, code 4192869. Leeza Rodriguez

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