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

To: JakeStraw who wrote (6122)	2/7/2001 12:31:04 PM
From: pirate_200	Read Replies (2) \| Respond to of 10934

> pirate_200, My concern is can NTAP maintain the growth rate to support such a high p/e? ...and I'm saying do the math: let's say that even if their growth rate dropped to 50% (and I don't expect this), if they trade at 2-3 times their growth rate, you get resulting price targets of: (Spring 2001) .41 is estimate year end/share .41 x 100 (50x2) = $41 .41 x 150 (50x3) = $61.50 (Spring 2002) .62 is 50% from .41, estimate year end/share .62 x 100 (50x2) = $62 .62 x 150 (50x3) = $93 I don't think Cisco or even EMC for that matter are valid comparisons in stock price and growth targets until the time NTAP has matured into a slower growth mode like those two companies. A more valid comparison is a company like Juniper (JNPR).