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To: Uncle Frank who wrote (10514)	11/17/1999 9:59:00 AM
From: DownSouth	Respond to of 54805

Picked this NTAP posting off NTAP thread: "The next EMC" - Merrill Lynch moring notes Outlook: The Future Is NAS? We are increasing our revenue and EPS growth rates as NetApp's investment in sales and engineering infrastructure starts to pay off. For F3Q, we look for revenue of $140 million (up 12% sequentially) to generate EPS of $0.21, up .02 from our previous estimate. The quarter (November through January) is smack in the middle of Y2K, but NAS and caching appear to be less affected by Y2K lockdowns than other systems. For F2001, our revenue estimate increases from 58% to 60% due to accelerating sales to Internet companies, increased brand recognition, and improved sales productivity by both direct sales people and those of Dell and Fujitsu. Our EPS estimate for F2001 is $1.10, a conservative 41% increase. Inktomi gives into the Enterprise and Appliances. Management claimed victory in the "war" with caching competitor Inktomi as that company announced its intention to penetrate the enterprise market with Intel-based appliances. Inktomi has a lead in the U.S. ISP market based on its software + general purpose (Sun) hardware strategy and has often played the foil to NetApp's appliance pitch. Inktomi's version may be another so-called-appliance, created by putting a friendly face (GUI) onto a complex existing system. Such pseudo-appliances have had little success thus far. NAS is the wave of the future, according to soothsayer George Gilder. NetApp's stock shot up $13 late in the day Tuesday after the release of the Gilder Technology Report. Gilder eloquently explains that storage and bandwidth improvements are outpacing Moore's Law, providing economic and technological incentive to store vast amounts of data on disk and locate it throughout the Internet. Historically, the tech industry wastes those things in abundance, which should include bandwidth and storage, to provide for scare resources (time and transmission speed that is limited by the speed of light). Network-attached storage (NAS) could be a disruptive technology, using Clayton Christensen's vernacular, that attacks both server-attached storage and SANs from below. NAS leverages the rapidly expanding Ethernet growth curve and years of networking evolution. Mr. Gilder believes NAS marginalizes fibre channel-based SANs. If correct, this thesis may mean that NetApp is more than a cute niche vendor and could become the next EMC.

To: Uncle Frank who wrote (10514)	11/17/1999 10:15:00 AM
From: Percival 917	Read Replies (1) \| Respond to of 54805

Good Morning Unq, I agree with your post wholeheartedly. I recently subscribed to the Gilder newsletter due mostly to PM's I had with tekboy over the value he has received from it. I have also talked to voop about it and that was the reason for my subscription. I don't even want to start listing the dumb things I have done while suffering serious brain fry. I think we need to be a bit more forgiving of one gaffe. Squire J

To: Uncle Frank who wrote (10514)	11/17/1999 12:30:00 PM
From: Seeker of Truth	Respond to of 54805

I too never knew the Gilder Technology Report existed but I too will be very happy to subscribe now. $300 is cheap indeed for such thorough analysis. Evidently Gilder benefited substantially from Tekboy's inadvertent mistake. And by the way, I think we should presume that everyone is well intentioned until proven otherwise. The quality of life, and the pleasure of reading the SI board is greatly decreased if this presumption is abandoned.

To: Uncle Frank who wrote (10514)	11/17/1999 12:56:00 PM
From: cfoe	Respond to of 54805

Once tekboy was made aware of the error he had made in his innocent attempt to share knowledge with his threadmates, he was quick to attempt to repair the damage. Uncle Frank: Thank you for your note. I have e-mailed the Gilder Group quoting the above and asking that no further action be taken by them on this matter. To all: I do not regret my actions and later today I will post a public response to the issues raised in the messages (both public and private) that I received in response to my action.

To: Uncle Frank who wrote (10514)	11/17/1999 9:16:00 PM
From: cfoe	Respond to of 54805

Thanks you for your PM. To all who messaged me on this matter, upon reflection I am not going to post a public message. I do not see any need to 1) defend myself or 2) stir this pot any further. I am only writing this because I made a promise that I am now revoking. Instead, I will communicate directly with tekboy via PM. Thank you all.