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Technology Stocks : Network Appliance
NTAP 108.31-1.0%11:54 AM EST
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To: DownSouth who wrote (945)5/13/1999 10:56:00 AM
From: Mohan Marette  Read Replies (1) of 10934
 
BancBoston initiates coverage of NTAP with a 'BUY' rating.

Thursday May 13, 10:31 am Eastern Time
Company Press Release
SOURCE: BancBoston Robertson Stephens

BancBoston Robertson Stephens Initiates Coverage of NTAP With a Buy Rating

SAN FRANCISCO, May 13 /PRNewswire/ -- The following is being issued by BancBoston Robertson Stephens, a member of the National Association of Securities Dealers, CRD number 41271:

BancBoston Robertson Stephens analyst Alex X. Mou today initiated coverage of Network Appliance (Nasdaq: NTAP - news) with a Buy rating. Network Appliance, headquartered in Santa Clara, Calif., is a leading vendor of dedicated file serving and caching solutions for enterprises and Web-based companies. The company pioneered the concept of ''Net Appliance.''

''We are initiating coverage of Network Appliance with a Buy rating. The company runs on a superior business model, with a horizontal expansion strategy,'' said Mou. ''We are introducing fiscal 1999 and fiscal 2000 earnings per share estimates of $0.46 and $0.67, respectively.''

Clients interested in receiving more information should contact their salesperson at 415-781-9700.

BancBoston Robertson Stephens is a leading international investment banking firm focused on growth companies. The firm's 55 equity and high yield research analysts cover more than 600 companies. Additional information is available upon request.

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