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

To: Kayaker who wrote (4964)	11/14/2000 10:41:05 PM
From: Kayaker	Respond to of 10934

Meanwhile, Network Appliance shares fell to $87 on Instinet versus a close at $96-1/4 on Nasdaq, although the computer network storage maker reported second quarter sales and earnings on Tuesday that beat expectations. It said net income rose 128 percent to $36.6 million, while sales rose 109 percent to $260.8 million. Its earnings per share were one cent higher than expectations on the Street, which had also forecast revenues of $255.3 million, according to market tracking company First Call/Thomson Financial. But some analysts said they saw signs of a slowdown in sales growth. WIT Soundview analyst Glen Ingalls said the earnings exceeded his forecast, but revenue growth slowed, which may explain the stock's battering in after-hours trading. ``It was just a matter of time before it (revenue growth) would decelerate,'' said Ingalls, who rates Network Appliance a buy. biz.yahoo.com Shoot ye not the messenger; yes, I'm talking to myself.