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

To: Cirruslvr who wrote (2673)	3/15/2000 3:15:00 AM
From: jjkirk	Read Replies (2) \| Respond to of 10934

Good evening NTAP thread: I have no original thoughts as to why we were down. I have only 50 shares and have not followed the stock very long. However, this post by Ruffian on a Qualcomm thread included a paragraph saying that 66% of the NTAP 1999 earnings would not have been booked if employee stock options had been required to be reported as an expense under current AICPA rules. It would not take a rocket scientist to see that the fundamentals of the company are severely undercut by that comment...QCOM and others are also mentioned, but NTAP is the worst of the lot mentioned in the article Among the top 10 S&P 500 companies last year, Network Appliance posted one of the widest gaps between reported and pro forma results. Its net income of $35.6 million for the year ended April 30 would have been cut by 66 percent, to $12.2 million, according to its SEC filing. Message 13198531 It was a nice ride...I for one am moving this tin cup full of coins to other venues...perhaps to sacrifice to the margin goddess at Schwab....jj