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Technology Stocks : Network Appliance

NTAP 107.32

+4.0%

Nov 21 9:30 AM EST

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To: DownSouth who wrote (601)	2/9/1999 2:07:00 PM
From: Mitch Vine	Read Replies (1) of 10934

you are not really long, just speculating.... Not really. What I do is buy and hold stocks as long as I think the fundamentals are good. My current assumption is that NTAP's revenue will grow at 60% this year and 50% per year for the next 10 years to come, and that they will continue to earn about 13% in net profits. That is fantastic performance for a company of their size. The question is what would you pay for such a company? At $ 45 bucks a share we are buying the company for about $ 3 billion. Is that a fair price? My opinion is that the price is fair, but no bargain.

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