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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Cirruslvr who wrote (115259)	6/10/2000 12:41:00 AM
From: TimF	Read Replies (2) \| Respond to of 1571415

OT NTAP Price/Earnings (TTM) 396.81 Price/Sales (TTM) 50.50 Price/Book (MRQ) 62.44 Price/Cash Flow (TTM) 627.30 Seems over valued to me, but then it is a good company in an expanding market with 164% growth in sales over the last 5 years. Still 396 times earnings and 627 times cash flow are usually red flags for me. The 3 year growth % is lower then the 5 and the 1 year growth in sales is lower still at a (still high) 74. FY 2002 estimates are a little more the n double FY 2000 which would at least put the P/E two years out at under 200. NTAP also faces a tough competitor in EMC. (Has EMC been executing as poorly as Intel?) From my quick and dirty DD NTAP does look like a good company but not necessarily a good stock. Its Market cap is roughly double that of AMD but its FY 2000 earnings are less then 60% of AMDs 1Q 2000 earnings. It seems too overvalued to me, however I haven't looked further into it then the information available on SI, I am not an expert on the company or its industry, and it could be a case (like AMD) where future earning estimates are unrealistically low. Tim