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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: dennis michael patterson who wrote (6726)5/2/2001 8:46:23 AM
From: jacin  Read Replies (1) | Respond to of 52237
 
DMP, Amazing article and to think AMCC, CSCO and the related Banana Crew are trading up as I type with the Naz Futures getting stronger by the minute as well. I am Dumbfounded I will admit.



To: dennis michael patterson who wrote (6726)5/2/2001 1:40:22 PM
From: Lee Lichterman III  Read Replies (2) | Respond to of 52237
 
Yep, Agree. Here is another one up big today on blah news. Maybe I am holding the charts upside down?

From: Dr. Id Wednesday, May 2, 2001 11:43 AM
Respond to of 8054

Wednesday May 2 11:36 AM ET
Network Appliance CFO Sees 'Flattish' Revenues
NEW YORK (Reuters) - Data storage firm Network Appliance Inc. (NasdaqNM:NTAP -
news) expects basically flat sales in the current first quarter and is uncertain when the
current slowdown in corporate technology spending will end, its chief financial officer said
on Wednesday. ''We expect flattish revenues in the current Q1,'' Chief Financial Officer Jeff
Allen said in an interview after a presentation at the Merrill Lynch Hardware Technology
Conference here. A year ago the Sunnyvale, Calif., company logged $231.2 million in
revenue in the first quarter, a period that ends in July.

``The first quarter is seasonally slow, although the last year or two you didn't see that
because we had a lot of backlog that isn't there now,'' Allen said.

He added that he sees fluctuations in his customers' budgets that make it difficult to determine if any recovery is at hand. ``You've
heard of rolling blackouts,'' Allen said, referring to the power outages that have occurred during the California power crisis. ``What
we have is rolling budgets.''

Allen also said he was concerned that large-scale layoffs at big corporations could create some slack in demand for data storage
products.