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

To: LarryG who wrote (3491)	6/14/2000 5:56:00 PM
From: Jack Hartmann	Read Replies (1) \| Respond to of 10934

Larry, If you are going to hold NTAP long, $75 is a good price for entry. A snippett from briefing.com top ten tech list put out last night. Network Appliance (NTAP) 86 1/16: NTAP holds a commanding market share lead in the fast growing NAS market, a market some experts see climbing from $860 mln today to $22 bln by 2003... While these estimates are probably a bit inflated, the fact remains that Network Appliance is well positioned to continue posting much better than market growth over the next few years... At current valuations some of this growth is already priced into the stock, but given its leadership position, relatively high gross margins and history of earnings growth, we expect the stock to continue demanding premium multiples... Another thing to like about NTAP was its relative strength during the recent tech bloodbath... Typically, those stocks that hold up the best perform the best once the market tone improves, which it is now doing. Jack