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 (1622)	11/16/1999 6:18:00 PM
From: Danny Chan	Read Replies (1) \| Respond to of 10934

That was great work! Thanks DS. The CC confirmed again that NTAp is the single most important company to own in the NAS and cache area.

To: DownSouth who wrote (1622)	11/16/1999 6:25:00 PM
From: Beltropolis Boy	Respond to of 10934

mattshome.simplenet.com thanks for posting that! before i hunker down to your gritty details ... this might have helped just a wee bit today too. ----- SMARTMONEY.COM: Magellan's Latest Tech Picks By Mark McLaughlin 11/16/1999 Dow Jones News Service NEW YORK -(Dow Jones)- Is Robert Stansky, manager of the $97.5 billion Fidelity Magellan Fund (FMAGX), a tech bull or bear? It's hard to tell from his fund's latest semiannual report, released Monday. "Valuations in certain areas - particularly technology - are quite high historically," warns Stansky. Then he goes on to predict short-term volatility for the tech sector if investors keep piling into these stocks with no regard for valuation. Nevertheless, Stansky increased Magellan's technology stake from 20.8% to 22.1% of assets in the six months ended Sept. 30. While that's still less than the 25% technology allocation in the S&P 500, it's far from bearish. And Stanksy can thank technology holdings like Oracle (ORCL) and Cicso Systems (CSCO) for his 16.3% year-to-date gain, which is three percentage points higher than the S&P 500. "His words don't fit the pattern of his purchases and sales," says Jim Lowell, publisher of the Fidelity Investor newsletter. "He's trying to temper the enthusiasm of the last three months or even the last three weeks where investors assume technology can do no wrong or can recover in a few trading days." Within his technology allocation, Stansky has become more conservative, replacing profitless dot-coms with profitable telecoms. For starters, he cut his America Online (AOL) stake by 50% and increased telecom giant Lucent Technologies (LU) by over 200%, Intel (INTC) by 71% and Texas Instruments (TXN) by 60%. Other sales included small positions in Autobytel.com (ABTL), Autoweb.com (AWEB), Healtheon/Web MD (HLTH), About.com (BOUT) (formerly MiningCo.com), OneMain.com (ONEM) and Priceline.com (PCLN). At the same time, he added 17 new technology stocks. These include Yahoo! (YHOO), Internet advertising leader DoubleClick (DCLK), as well as software and storage plays Inktomi (INKT), Tibco Software (TIBX), Xoom.com (XMCM), Gadzoox Networks (ZOOX) and Network Appliance (NTAP). Other additions are companies involved in supplying the networks or pieces of the networks that will carry voice and data, including Nortel Networks (NT), JDS Uniphase (JDSU), Redback Networks (RBAK) and Broadcom (BRCM). "It's a shift towards a more mature vision of the new economy," explains Lowell. "He wants to own the parts rather than the frills and the quick bang-for-your-buck [stocks]."

To: DownSouth who wrote (1622)	11/16/1999 6:47:00 PM
From: Mehitabel	Read Replies (1) \| Respond to of 10934

downsouth, thanks so much for your notes on conf call. still hoping to get to hear it later tonight, but summary is great, very generous of you. :^)

To: DownSouth who wrote (1622)	11/17/1999 2:04:00 AM
From: Cirruslvr	Read Replies (1) \| Respond to of 10934

DS - RE: "Quick notes on a great cc:" Quick? I can't imagine how MORE thorough your notes would be they weren't done quickly. ;) Thanks for that very comprehensive summary. I just checked the earnings and stock for the day and I am impressed. I hope the news of a slow down in yoy growth rate doesn't anchor the stock tomorrow. That info is pretty much expected at some point in time, especially if the company currently grows 90% yoy. 60-70% in a couple of years still sounds good. It would be higher than Dell's is right now, so I would be happy. ;) BTW, Schwab after hour qutoes say 107 1/4.

To: DownSouth who wrote (1622)	11/19/1999 1:23:00 PM
From: HDC	Read Replies (1) \| Respond to of 10934

DownSouth, Hi! Thanks for the cc notes. I just listened to the cc again and your notes were a great help. “Congrats on growing faster as you get larger.” You gotta love that line from Don Young at PainWebber. He was the analyst who downgraded EMC a few days ago due to Y2K concerns and received a PR tongue lashing from EMC and others. At the same time he reiterated his Buy rating on NTAP and raised NTAP's price target to $120. The tone of the cc reminded me of the many previous cc's from Dell where they talk about their structural competitive advantage using their "Direct" model and "don't-build-it-until-after-you-sell-it" philosophy. Dell has grown in a few years from a few million in annual sales to what should be $25 billion this year using this SAME STRUCTURAL COMPETITIVE ADVANTAGE. Dell's competitors still can't do much to change their competitive disadvantage. Dell still has more room to grow significantly in the future. NTAP appears to me to have a similar structural competitive advantage. Their competitors have not been able to match them on performance, reliability, and ease-of-use. They said that they haven't seen a new competitor in over 18 months. You and I both know what they are doing to their current competitors. Even with this situation, the fortunate issue for all the players is that the WHOLE MARKET FOR STORAGE IS EXPLODING. Given that, plus the fact that NTAP is gaining more and more recognition as a storage supplier leads me to believe that we have blue skies above! Do you have an idea of how much money is spent on computer hardware each year? I am specifically interested in the server and storage space which would exclude PC's and mainframes(?). Dan Warmenhoven said in an interview for TheFool.com last February that their potential market for filers was $9 billion. That figure seems low to me. Any thoughts? Best, Duncan