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

To: Uncle Frank who wrote (6334)	2/8/2001 5:21:51 PM
From: jerryriti	Respond to of 10934

Network Appliance says economy affecting, not EMC February 08, 2001 5:04:00 PM ET SAN FRANCISCO, Feb 8 (Reuters) - Sales by computer storage maker Network Appliance have been slowed by the economy, but not by pressure with competitors, including industry behemoth EMC Corp. (EMC)., the chief executive said after releasing fiscal third quarter results on Thursday. Dan Warmenhoven told Reuters in an interview the company expected sales in the next two quarters to rise sequentially at the "bottom half" of the 10-15 percent range the company projected last quarter. He saw sales in the last quarter bringing revenue to $1.1 billion for fiscal 2001 and growth next year of 55-60 percent to about $1.75 billion. Gross margin would continue to deteriorate and earnings per share would be 41 cents for fiscal 2001 and rise next year to 55-60 cents, he added. © 2001 Reuters Network Appliance says economy affecting, not EMC February 08, 2001 5:04:00 PM ET SAN FRANCISCO, Feb 8 (Reuters) - Sales by computer storage maker Network Appliance have been slowed by the economy, but not by pressure with competitors, including industry behemoth EMC Corp. (EMC)., the chief executive said after releasing fiscal third quarter results on Thursday. Dan Warmenhoven told Reuters in an interview the company expected sales in the next two quarters to rise sequentially at the "bottom half" of the 10-15 percent range the company projected last quarter. He saw sales in the last quarter bringing revenue to $1.1 billion for fiscal 2001 and growth next year of 55-60 percent to about $1.75 billion. Gross margin would continue to deteriorate and earnings per share would be 41 cents for fiscal 2001 and rise next year to 55-60 cents, he added. © 2001 Reuters

To: Uncle Frank who wrote (6334)	2/8/2001 5:22:38 PM
From: Winston Chen	Read Replies (1) \| Respond to of 10934

80% win rate against all competitors

To: Uncle Frank who wrote (6334)	2/8/2001 5:23:17 PM
From: Uncle Frank	Respond to of 10934

Jeff went through the numbers - only bad news was 70 days of AR, which is out of range. Dan's up. Encouraged by penetration of database market and close rate of 80%. Competition isn't hurting them. He cited wins at Oracle, DreamWorks, Jelly Belly, and Air New Zealand. Jeff back up confiming they are holding future guidance.