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To: vanillapudding who wrote (7485)	4/4/2001 2:54:59 PM
From: BirdDog	Read Replies (2) \| Respond to of 10934

I think NTAP, for the most part, is a victim of FUD in a bear market. NTAP is getting hit on all sides with all kinds of talk of "fears" and "ancedotal evidence" and "sector problems". I still see no hard evidence of problems with NTAP's fundamentals and long term outlook. I can't speak for daily movement versus EMC in stock price. I can say that as the stock goes lower, It just looks like a sweeter buy. BirdDog

To: vanillapudding who wrote (7485)	4/4/2001 3:42:59 PM
From: SecularBull	Respond to of 10934

EMC is viewed by the unsophisticated as a safer play. Size doesn't always equate to safety, imho. ~SB~

To: vanillapudding who wrote (7485)	4/4/2001 4:21:02 PM
From: Jacob Snyder	Read Replies (2) \| Respond to of 10934

Comparing EMC and NTAP, EMC stock is more volatile. It went up more in the bull market, and it's going down more in a bear market. To the extent that any tech benefits from "flight to quality", EMC is a better-known, bigger company, with a longer track record, and a bigger installed base. On a day when LU has to deny rumours of impending Chapter 11, CSCO goes below 100B market cap, and CNBC is talking about margin calls, a stock like NTAP is exactly what a mutual fund manager does not want to be holding. EMC has already warned (and then, oddly, took back their warning). NTAP hasn't warned yet, but the analysts are starting to downgrade and cut forward EPS estimates anyway. It may be, that by the time NTAP gets around to warning, everyone has already figured it out, and it's already in the stock. NTAP today seems a lot like Cymer in 1998. Cymer is a little semi-equip, which owns its niche. A well-run small-cap hi-margin hi tech. When the big caps of its sector went down, Cymer fell to ridiculous levels. I kept on wondering what was wrong with the company, that investors had sold it off so badly. There was nothing wrong with it, it was just a small company in a out-of-favor sector. I think all the risk in this stock is sector and market risk, not company risk. At this point, I'll be taking a LT position in NTAP, whenever it looks like some of that 2 Trillion in sideline money is going back into stocks, and whenever the stock looks like it might be forming a base. But I am in no hurry. Watching and doing nothing is what I've been doing for the last 12 months with NTAP, and that's been the right thing to do.

To: vanillapudding who wrote (7485)	4/4/2001 5:02:34 PM
From: im a survivor	Respond to of 10934

<<Do you folks feel that NTAP's downward trend is simply a result of this ugly bear market? Or is there reason to be more concerned?>> An honest answer would be both...all of the above. Yes, the bear is not sparing many thats for sure, so yes, the bear market has alot to do with this fall. However, there are alot of fundamental reasons discussed time and time again, as to ta and fundamental reasons for ntap to fall further. I would take me hours to rehash everything discussed the last couple months so I wont bother, but you can research this thread and see peoples reasoning....I think the biggest thing is NTAP has not justified it's valuation. It will only do so, with great numbers and great forward guidance. With questions of lower margins, lower sales, increased competition, lower it spending and etc, etc, etc,...ntap is being hit. But, if it makes you feel better, you can take the same reasons and apply them to almost any company, and the reasons would be valid, except that currently, even though ntap is fixing to hit $10 maybe, that PE is still pretty way up there. They need to prove they deserve a high pe, which In due time i think they will....I just dont think it's gonna happen overnight. Great company......great long term buy......risky short term, as the trend is down until the trend is up...simple as that. With that said......I do find it encouraging to find a company with actual positive things to say. While the whole world is lowering, and then even missing their lowered targets, AOL comes out with nothing but good news and positive words. they said they have no intention of loweering their numbers because buisness has never been better and they fully expect to meet their numbers. AOL gets revenues from so many different area's.....in a way, they are like the GE of the internet. Look at the many different revenue streams...there are just so many of them.....anyway, AOL announced a huge share buy back and seems to still be firing away on all cylindrs. their stock price hasbeen hit, as has everybodies, but it's nice to see companies saying "things could never be better" in this type environment and to prove it by buying their own shares....... keith