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To: Bruce Brown who wrote (25074)5/20/2000 3:33:00 AM
From: Bruce Brown  Respond to of 54805
 
RE: Dan Warmenhoven, CEO of Network Appliance...

For those of you with some time on Saturday afternoon at 12 PM EDT, you can catch the following radio show where the CEO of NTAP will be interviewed. The show will be in the archives following Saturday afternoon at the Fool and can be listened to at any time after that as well.

BB

FOOL RADIO

Join Tom and David Gardner as they talk with Network Appliance's CEO and baseball great Jose Canseco (honest!).

fool.com

Hour One - The Foolish Take

In hour one, David gives the Foolish take on the week's headlines. We also talk to Network Appliance CEO Dan Warmenhoven and explore what the data storage company has stored up for investors. Later in the hour, David talks investing hits and misses with baseball star Jose Canseco. We wrap up the hour with another Eyes on the Wise segment.



To: Bruce Brown who wrote (25074)5/20/2000 11:53:00 AM
From: hueyone  Read Replies (1) | Respond to of 54805
 
According to EMC they are not only the clear leader in SAN sales, but they have rapidly growing NAS sales as well. Last quarter they reported 90 million in NAS revenues versus NTAP's 151 million in quarterly NAS revenues at the time. When I asked about this report on this thread it was dismissed as misleading, but the folks on the EMC thread dismiss NTAP fans dismissal of EMC NAS sales as misleading.

Here is a response from someone on the EMC thread when I asked about the 90 million in NAS revenues:

Message 13482574

Celerra went from $7 million in revenues in 1Q99 to $90 million in revenues in 1Q00 so it is growing faster on a sequential basis and on a percentage basis (than NTAP) if you want to use those limited forms of argumentation. The only similarity between Celerra and NTAP's file servers is the fact that both are thin storge servers designed to do only one thing very well. Celerra, however, is a thin storage server designed to work within the Symmetrix architecture so this notion that the number is somehow fudged is just plain misinformation by NTAP fans too eager to compare apples and oranges. That kind of argument is like comparing NTAP's Snapshot and its limited functionality with 4th generation Timefinder and its full-line of mission-critical functions.



There was also a major announcement on April 25 from EMC that involved EMC integrating NAS in to their SAN solution. The Brocade/NTAP announcement you refer to looks like a belated response to this earlier April 25 EMC announcment:

Message 13494127

SNIP: April 25, 2000 - Today EMC unveiled an unprecedented suite of new products that together expand the EMC E-Infostructure, helping customers gather information from any source, grow it to any scale and accelerate their business to any speed. Launch highlights include the largest and fastest information storage system ever introduced, enhanced software enabling unbridled data movement and the expansion of the EMC Enterprise Storage Network, which now allows for Network Attached Storage to be pulled into the world of SANs.

I don't have enough technical knowledge in general, nor technical knowledge of EMC and NTAP in particular, to debate the fine points of EMC Nas solutions versus NTAP Nas solutions, but since there are a lot of EMC shareholders on this thread as well as NTAP shareholders, I thought EMC's claims should be noted. I own shares in both companies, but more of EMC which I bought several years ago before I heard of NTAP. NTAP is clearly in the sweet spot of growth with a fantastic 100% YOY growth in revenues and an 87% YOY growth in EPS, but EMC has executed consistently and beautifully for the last five years. (Neither company is a bargain relative to its revenue and earnings growth rates.) EMC's trailing twelve month revenues are 7.4 billion versus NTAP's trailing twelve month revenues of 579 million so EMC is clearly the larger, more mature company. Until I see real evidence from the quarterly reports that EMC is stumbling, I don't see any reason (other than questionable tech valuations) not to continue to hold the leading storage solution company, EMC, as a core holding along with some NTAP.

Best regards, Huey