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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (14358)	4/11/2001 4:46:51 PM
From: wgh613	Read Replies (1) \| Respond to of 30051

NTAP, Zeev,nice sell on NTAP before close.NTAP WARNS.(at what price would you buy?) Network Appliance warns on quarterly sales, profit SUNNYVALE, Calif., April 11 (Reuters) - Computer storage maker Network Appliance Inc. (NASDAQ:NTAP) warned on Wednesday that it would miss profit and sales targets this quarter as customers were delaying orders more than expected. Fourth fiscal quarter revenue would fall 20-25 percent from the previous quarter's $288.4 million and Network Appliance would earn 1-3 cents per diluted share, on an operating basis, it said in a statement. Analysts polled by Thomson Financial/First Call had expected the company -- known for stand-alone storage units called network attached storage, or NAS -- to earn 10 cents per share, with estimates ranging from 7 to 12 cents. The Sunnyvale, Calif.-based company said the direction of the global economy was uncertain and vowed to cut discretionary spending. All Headlines