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

To: Uncle Frank who wrote (5869)	1/24/2001 11:47:17 AM
From: Winston Chen	Respond to of 10934

NTAP Laura Conigliaro at Goldman Sachs downgrades to Market Outperform. Sees softening demand and a rich valuation. Stock down 6 today. Takes off Recommended List. Emphasizes that the action does not change their positive view of the prospects in the storage networking market. However, while the company is expanding its exposure to new markets and gaining traction in existing ones, they do not think the gains are enough to offset the slowdowns in telco and dotcoms in the near term. Making small downward changes in the estimates for the next several quarters to reflect the uncertainty. Does see an acceleration and upside possible in FY 2002. Down 8 1/2% today on the downgrade. She's making downward changes in the estimate for the next SEVERAL quarters to reflect the uncertainty. DOES SEE AN ACCELERATION AND UPSIDE POSSIBLE IN FY 2002. Darn it, doesn't NetApp start its 2002 FY May 1st? Hey maybe not. arrrrrggggggg.

To: Uncle Frank who wrote (5869)	1/24/2001 11:53:27 AM
From: ratan lal	Read Replies (2) \| Respond to of 10934

Isnt anyone scared of the rich valuation of all these companies? NTAP p/e even after being down 11 today is 292. How many years of growth at current levels will it need to finally reach a p/e of around 20-30??