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

To: pirate_200 who wrote (7051)	3/15/2001 1:40:22 PM
From: khacha	Respond to of 10934

Using PEG ratios to estimate price targets is a pretty useless exercise. They are only using this metric at the bottom of the bear market. When the cycle reverses itself, everybody will forget about PEG ratios and the price will be estimated again on potential market size, competetive positioning, price to sale ratio etc. Then I do not think the growth rate for NTAP will be any different now than half a year ago, as the company has reaffirmed guidance. Companies can survive without storage only for 60 days, and the growth of NAS will accelerate , just like Ciena it will not be affected by economy. Moreover, NAS will replace SAN gradually as it is cheaper by 70% and same performance as SAN roughly. I see no reason why the share price should not be 100-150 a year from now.