Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Network Appliance -- Ignore unavailable to you. Want to Upgrade?

To: DownSouth who wrote (1458)	9/22/1999 9:51:00 PM
From: riposte	Read Replies (1) \| Respond to of 10934

Jubak keeps NTAP...sets $84 Target by 12/1999 Just trolling around Jubak's column @ MoneyCentral Investor, and came across the following: [TEXT DELETED] Last week, Network Appliance (NTAP) moved strongly through the $72.20 target price I set for the stock when I added it to Jubak's Picks on May 4, 1999. The stock is up about 64% since I recommended it at $46.75 a share. But even though this market makes me nervous, I think the risk/reward tradeoff still comes down on the side of holding onto Network Appliance. The price momentum on the stock remains strong and a mid-quarter check by analysts at Merrill Lynch and Prudential suggests that fundamental momentum is improving. (No mean trick for a company that grew revenue 80% in the quarter that ended in July over the same quarter of 1998.) After meeting with management, Merrill's Steven Milunovich, for example, reported on Sept. 14 that growth may be accelerating at the company and that Network Appliance has a chance to beat Merrill's projected 65% revenue growth target for fiscal 2000. I'm keeping Network Appliance in Jubak's Picks and setting a new target price for the stock of $84 by December 1999. [REMAINING TEXT DELETED] FULL ARTICLE @: moneycentral.msn.com