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To: HDC who wrote (1572)11/8/1999 2:41:00 PM
From: Gregory Rasp  Respond to of 10934
 
A couple of thoughts on the runup. Not in order of importance necessarily.

(1) Recent IPO's have such huge market caps for companies in this space without earnings. Some have $15B market caps and around a million a year in Revenue! That makes a $6-7B NTAP look cheap by comparison.

(2) We are running into earnings and expectations are large.

(3) This stock traditionally splits in this price range and people may be expecting that with earnings. I personally would prefer not to split as I think it makes earnings surprises more difficult.

(4) These days anything with the word Network in the name is being bought up.

(5) Pure speculation but I wonder if some S&P 500 fund managers routinely wait a certain period of time after a stock enters the index before adding it to the fund?

GR



To: HDC who wrote (1572)11/8/1999 2:41:00 PM
From: DownSouth  Respond to of 10934
 
I think that COBT caused the market to look more closely at NTAP. I also believe that the rank and file of the company already know that a good quarter is in the bag and they are spreading the word.

I also sense that a lot of money is coming in from the sidelines and moving our favorite stocks up on the demand side.



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