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

To: lightwave51 who wrote (4716)	10/10/2000 7:17:53 AM
From: riposte	Respond to of 10934

MSN Money Central "Growth Explorer" dude on NTAP moneycentral.msn.com As such, I'm putting some more cash to work by adding Network Appliance (NTAP) to the portfolio. Network Appliance sells network attached storage (NAS) and cache solutions. The company has a leading market share in NAS of 60%, and the NAS market opportunity is $6.57 billion by 2003. There have been estimates that the NAS share of the storage market is 5% in 2000, and will grow to 14% in 2003. NAS is gaining share against direct attached storage due to its easy implementation, low upfront cost and its maximization of the investment in the local area network (LAN). Network Appliance's acquisition of Orca Systems introduces technology that allows it to penetrate the storage area network (SAN) opportunity. SAN market opportunity is predicted to be $10.9 billion by 2003. Network Appliance is expected to generate a product within 12 months using the acquired technology from Orca. One market segment that has generated excitement recently is filers for database applications; this has been growing 70% quarter over quarter for two quarters and now represents 18% of revenues. The company's cache business represented 8% of revenues last quarter and grew 51% quarter over quarter. First Call estimates the company's long-term earnings per share to be 50%.