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

To: Boplicity who wrote (5563)	12/5/2000 5:29:39 PM
From: John Carragher	Respond to of 10934

Dow Jones Newswires Network Appliance Up 30% As EMC's News Lacks Punch Dow Jones Newswires By Donna Fuscaldo Of DOW JONES NEWSWIRES NEW YORK -- Shares of Network Appliance Inc. (NTAP) climbed 41% Tuesday on what analysts are calling a relief rally following EMC Corp.'s (EMC) rollout of its first network attached storage, or NAS, product. Network Appliance's stock had been severely punished in recent weeks amid fears that storage giant EMC would unveil a NAS product that was radically cheaper than Network Appliance's offering. The stock traded at a high of $152.75 Oct. 20 but closed Monday at $57.88. In addition to the stock market reacting to Fed Chairman Alan Greenspan and the perception that the election is moving closer to a decision, Network Appliance is up on the EMC announcement, said James Poyner, an analyst at C.E. Unterberg Towbin. EMC's announcement had been weighing on Network Appliance's stock price because investors feared EMC would come out with a product that was priced aggressively and was also accompanied by a robust software offering, he said. However, investors realized that EMC's product wasn't priced that aggressively and that the initial software offering was "relatively minimal," said Poyner. "NTAP is not going to have to go out there and rearrange its price list," noted the analyst. "They certainly have at least today a better software story to tell in the mid-range." Shares of Network Appliance ended up $23.69 at $81.56, on volume of over 20 million shares. Average daily volume is about 9 million shares. Officials at the Santa Clara, Calif., storage company weren't immediately available for comment.

To: Boplicity who wrote (5563)	12/5/2000 6:07:53 PM
From: John F Beule	Respond to of 10934

Re: EMC getting the news out; I was glancing at CNBC when I saw how EMC decided to get the word out to Wall Street today..... I suddenly wished I had bought more NTAP in the 40's!! LONG & STRONG John

To: Boplicity who wrote (5563)	12/5/2000 10:59:17 PM
From: kas1	Read Replies (1) \| Respond to of 10934

I thought getting the EMC news out the way would be positive. Think about it. Old EMC some how had the Manhattan project II going on, so no one on the street had any idea Heh heh, correct. Everyone was projecting their worst fears onto the boogeyman that was the Chameleon... and now that it's out, well, it's not all the formidable. My guess is that at least now (can't speak for future EMC products!) people (metaphorically, companies) who buy the Chameleon will be the same kinds of people who stay with ATT for their long distance service. If it says EMC, it must be good, right? On the positive side of EMC's development effort, we should be grateful: I bet their "R&D" efforts involved the purchase of quite a few NTAP filers, if you know what I mean. :-)