>I believe that NTAP dropped today in sympathy with Dell, as
>NTAP is Dell's NAS supplier. Also, meeting expectations wasn't good
>enough. We needed another penny.
DS.
so, do you think we didn't make infamous 'whisper' (i.e., $0.13)?
in my opinion, this is typical street myopia. as i'm sure you're aware,
since Q1 FY98, NTAP has sequentially increased earnings by a
penny. that's over seven straight quarters.
by my calculations, gross margins increased sequentially very slightly
to 59.2% from 59.0%. NTAP also reversed a trend of 'slowing'
revenue growth (quarter-over-previous-year-quarter):
Q3 FY99 vs. Q3 FY98 = $75.6M vs. $44.0M = 71.8%
Q2 FY99 vs. Q2 FY98 = $65.6M vs. $38.4M = 70.8%
Q1 FY99 vs. Q1 FY98 = $57.4M vs. $33.4M = 71.9%
Q4 FY98 vs. Q4 FY97 = $50.4M vs. $28.9M = 74.4%
Q3 FY98 vs. Q3 FY97 = $44.0M vs. $24.8M = 77.4%
Q2 FY98 vs. Q2 FY97 = $38.4M vs. $21.0M = 82.9%
Q1 FY98 vs. Q1 FY97 = $33.4M vs. $18.5M = 80.5%
until the 10-Q, i don't see anything wrong top- or bottom-line. for the
long-term folk, fundamentals are still rock solid.
attention shoppers, the blue light is now flashing in aisle #2: appliances!
-chris. |
