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

To: JRH who wrote (4012)	8/15/2000 9:22:37 AM
From: Bob Kim	Read Replies (1) \| Respond to of 10934

Here come the raised estimates and upgrades.... Apparently, ML is wimping out. They kept their price target at $105 even though they raised numbers. During the quarter they raised the price target two or three times without any estimate changes (just changes in the stock price). Based on yesterday's close of $90 3/4, NTAP doesn't even qualify for a Buy rating at ML with only 15% upside potential. I guess they were taking into account the after-hours weakness.

To: JRH who wrote (4012)	8/17/2000 7:26:14 AM
From: JRH	Respond to of 10934

J.P. Morgan Initiates Coverage of Network Appliance SAN FRANCISCO--(BUSINESS WIRE)--Aug. 17, 2000--J.P. Morgan Securities Inc. Computer Systems equity research analyst, Daniel Kunstler, today initiated coverage of Network Appliance (Nasdaq:NTAP - news) with a ``Buy'' rating and a 12-month target price of $110. According to Kunstler, storage is the next ``big thing'' in the hardware space. Network Appliance (``NetApp'') will be one of the winners because it has caught the wave at the intersection of two trends: special-purpose appliances and storage as a key Internet infrastructure element. NetApp is the leader in network attached storage (``NAS''), a technology that leverages existing short-haul networks defined by Ethernet, to manage storage independently from the servers that run the applications. ``If you let your imagination wander in terms of capacity additions required for an individual's personal records, that alone should give you an idea of growth potential,'' says Kunstler. ``We are recommending NetApp based on their strong growth and their leadership position in what we perceive to be a critical computer technology area.'' ******************************************************* The "next big thing"? I guess better late than never <gg>