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

To: John Madarasz who wrote (7295)	3/27/2001 12:52:51 PM
From: John F.	Read Replies (1) \| Respond to of 10934

Pacific Growth Equities Morning Call Summary for March 27, 2001 03/27/01 08:36 AM Source: Pacific Growth Equities investor.cnet.com Network Appliance (NTAP) Price: $19 7/8 Strong Buy F01E: $0.39 F02E: $0.43 Thomas Mancino, Information Technologies “We are revising our numbers on Net App for both Q4:FY2001 and FY2002 based on miscellaneous customer, competitor, and channel checks. The resulting numbers are our own speculations, inasmuch as management has not given any specific revised guidance. They are intended to represent direction of change and some assessment of the ‘worst case’ fundamentals possible over the coming few quarters, rather than our having a high degree of conviction on any single point. Our revenue range for the next several quarters is $250-$300M, while that for EPS is $0.07-$0.10. Roughly 25-30%+ of the company’s revenues come from high-tech and telecom customers. Given the present upheaval in these industries, achieving relatively flat revenues over the next few quarters would be quite an achievement. We have cut our Q4:01 numbers to $285M for revenues and $0.09 for EPS from $319M for revenues and $0.11 for EPS respectively. We are reducing our FY2002 revenue estimate to $1.29B (+21%) from $1.69B. Our new EPS number is $0.43 (11%), down from $0.57. We believe Net App’s industry franchise remains intact, though the vagaries of news flow (recession concerns, competitive announcements, etc) over the coming weeks/months will likely subject this conclusion to periodic investor questioning/apprehension. We continue to rate NTAP a Strong Buy”

To: John Madarasz who wrote (7295)	3/27/2001 1:16:19 PM
From: Boplicity	Read Replies (2) \| Respond to of 10934

Yes NTAP is now in the dead money category, that's fine by me, I would love to see the puts I sold expire worthless. As far as waking you when it's over. I hear talk of 10 year bears from none other then Sir Templeton, and 5 years sideway action out the Zeev. I might die of boredom before then, it might be good idea to have a back-up (hey I was on topic). bebop.