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

To: Uncle Frank who wrote (8772)	8/1/2001 9:35:29 AM
From: thesmay	Read Replies (2) \| Respond to of 10934

Fightin' words (COMTEX) B: EMC Claims to Have Overtaken Network Appliance in NAS Sales Invalid DateTime. (ComputerWire via COMTEX) -- EMC Corp has claimed that it has overtaken Network Appliance Inc as the biggest supplier of NAS storage, based on the inferred NAS revenues at its rival. In a statement issued yesterday, Hopkinton,Massachusetts-based EMC said it is basing its claims on the reported revenues from the two companies. Unsurprisingly, Network Appliance rejected the claim, and said that EMC has counted SAN sales as NAS sales, and is guilty of making "rolling market share" definitions. "EMC is now the world's number one NAS supplier," said EMC's senior vice president of marketing David Donatelli. EMC's NAS revenues were $562m during the first half of 2001, the company said, although that figure was not published with the company's earning reports. Network Appliance saw revenue of $225.8m in its fourth fiscal quarter ended April 30 2001. For its first fiscal quarter, which ended last week, the company's guidance was for flat revenue. Sunnyvale, California-based Network Appliance said that during that quarter, 16% of revenue was due to sales of caching hardware. Taking 84% of the fourth quarter's revenue, and doubling for the first quarter gives a total of around $379m - or around $180m less than EMC's. "EMC will do just about anything to make a claim that they are number one in every sector," a spokesperson for Network Appliance said. Referring to EMC's Celerra NAS filers, he said: "EMC ships Symmetrix to make the Celerra work. When your're talking about pure NAS revenues, I don't think those sales should be in there. People in this industry know that EMC double counts its shipments," he said. EMC freely admitted that it counts some Symmetrix sales as NAS sales. A spokesperson said its NAS configurations comprise either a Celerra file server with a Symmetrix array, or Chameleon file server with a Clarion array. EMC's press release included figures taken from researcher Gartner Dataquest's forthcoming report on year 2000 market shares, expected to be released in the next few weeks. Report Author Roger Cox commented: "The market is getting very competitive. All the vendors are trying to claim they're number one in something."

To: Uncle Frank who wrote (8772)	8/1/2001 10:28:38 AM
From: im a survivor	Read Replies (4) \| Respond to of 10934

OK...somebody needs to make me feel better.....I need some bears to come out and tell me NTAP will be 10 or less again this summer........I just weenied out and sold the ntap I bought at 9.69 and 10.49 for 14.75 and 14.99......I really didnt want to sell ( still have a smidgeon I bought at $19 ), as I want to build a large position of this stock for the long haul, but I have watched too many stocks go up after i buy them, I dont sell, and then they go down 50%.....so I weenied out, thinking after the small runup we have had, we may pull back some..........anyway, on one hand, I am glad to have made a profit and booked it, but on the other hand, I was enjoying watching my NTAP shares grow as I built a larger position......I want a boatload of this stock at cheap prices, for whenever recovery happens.......9's and 10's seem cheap to me, so part of me is wondering if taking my profit and running was a wise move.....maybe I was better off holding.........anyway, still have a smidgeaon of ntap like I said, but would like quadruple the shares I currently have......hopefully I will get a chance to buy them back.....anybody have any guesses on what NTAP's low may be in the near term.....? Did I screw up taking profits at such a low number, or should I have just held and waited for higher prices? Keith...looking for encouraging words <ggg>