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Technology Stocks : Network Appliance

NTAP 107.55

+0.7%

11:45 AM EST

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To: DownSouth who wrote (709)	3/2/1999 1:45:00 PM
From: John Carragher	of 10934

don't know if already posted Mar 01, 1999 (6:23 PM ET) - The Motley Fool Evening News Disk drive maker Quantum Corp. (Nasdaq:QNTM - news) spun ahead $3 1/8, or 19%, to $19 9/16 today on news that it plans to enter the network storage device market later this year, setting the stage for a rumble with file servers power Network Appliance (Nasdaq:NTAP - news) . Quantum is hoping the foray into new territory will position it to answer storage needs related to the Internet and the proliferation of network computers. The company also believes the move will rally investors -- the shares are essentially flat in 1999 amid a general malaise among drive makers -- and intends to complement the strategy by listing its hard disk drive and storage systems businesses as separate tracking stocks. This isn't a spin-off, however, as the company will retain one management team and board. Quantum may back away from the tracking stock plan if a U.S. Presidential proposal to make the creation of tracking stocks taxable is approved.

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