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


To: SecularBull who wrote (9588)12/5/2001 2:23:09 PM
From: straight life  Respond to of 10934
 
Anadarko Chooses Network Appliance Storage Solution to Power Its Oil and Gas Exploration

SUNNYVALE, Calif.--(BUSINESS WIRE)--Dec. 5, 2001--Network Appliance(TM), Inc. (Nasdaq:NTAP - news), the leading provider of network-attached data access and content delivery solutions, today announced that Anadarko Petroleum Corp., one of the world's largest independent energy and petroleum companies, has selected Network Appliance as one of its strategic vendors to provide networked storage solutions for its global oil and gas exploration and development activity.

Anadarko has implemented a multiple-terabyte NetApp® F840 filer enterprise storage solution to store and distribute data to integrated teams of geologists, geophysicists, and engineers running a suite of Landmark Graphics software. The teams analyze large volumes of information about rock formations below the Earth's surface and use two- and three-dimensional imaging techniques to construct geologic models. They then use geotechnical and economic analysis software running on high-speed workstations to integrate the geological data into the models and prepare technical documents to support recommendations to drill a well.

``NetApp storage solutions will give Anadarko engineers quick and easy access to data on a global basis,'' said Morris Helbach, vice president of Information Technology Services and chief information officer at Anadarko. ``Our storage strategy is key to sustaining our increased level of exploration and development activity through efficient data management.''

Network Appliance provides cost-effective enterprise-class storage and content delivery solutions enabling the energy industry to deploy and manage its information assets on a global basis, bringing a new level of reliability, security, and performance to oil and gas exploration.

About Anadarko

Houston-based Anadarko Petroleum Corp. is one of the world's largest independent E&P companies, with proved reserves of more than 2 billion barrels of oil equivalent. Domestically, it has operations in Texas, Louisiana, the Mid-Continent and Rocky Mountain regions, Alaska and in the shallow and deep waters of the Gulf of Mexico. Anadarko is the most active driller in North America. Internationally Anadarko is active in Canada, Algeria, Tunisia, Egypt, West Africa, Guatemala, Venezuela, Argentina, Brazil, Georgia, the North Atlantic and Australia.

About Network Appliance

Network Appliance, Inc., a leader in network file storage and content delivery, has been providing data access solutions since 1992, and is a member of both the S&P 500 and NASDAQ 100 index. Major corporations and service providers, including Lycos, Yahoo!, Citicorp Securities, Siemens, Lockheed, Cisco, Motorola, and Texas Instruments have deployed NetApp solutions.

The company pioneered the concept of the ``network appliance,'' an extension of the industry trend toward dedicated, specialized products that perform a single function. NetApp storage and content delivery platforms (filers and NetCache® appliances) are coupled with powerful content distribution and reporting software. This Center-to-Edge(TM) solution offers seamless data management from the back-end data center to the edge of the network quickly, simply, and reliably. The Network Appliance product portfolio utilizes the company's innovative data access software, known as the Data ONTAP(TM) operating system, as well as standards-compliant hardware. It also offers multiprotocol support and transparent integration for UNIX® and Windows® environments.

Note to Editors: NetApp and NetCache are registered trademarks and Network Appliance, Center-to-Edge, and Data ONTAP are trademarks of Network Appliance, Inc. in the U.S. and other countries. Windows is a registered trademark of Microsoft Corp. UNIX is a registered trademark of The Open Group. All other brands or products are trademarks or registered trademarks of their respective holders and should be treated as such.



To: SecularBull who wrote (9588)12/5/2001 3:31:38 PM
From: Jacob Snyder  Read Replies (1) | Respond to of 10934
 
comments on today's actions:

the big picture:
Message 16750654

NTAP: confirmation of what I said yesterday. We are seeing a breakout. This stock has to be on momentum guesser's radars now:
stockcharts.com[h,a]daclnymy[db][pb50!b200!f][vc60]
3 white candles (=open near the low, make a big move, close near the high).
Took out the November high. This is the 4th (ST) higher high, since the September bottom.
Volume not fading as the stock goes higher.

I have no idea what we do short-term. Frequently, stocks making a breakout will soar briefly (totally unpredictable time-frame), then dip and retest the old resistance (= new support) line, then continue the uptrend. I am selling nothing and buying nothing. Doing nothing is often the most profitable activity. If I was a momentum guesser (as opposed to being an investor), I'd sell on the first down day, and buy on a successful retest of the 200DSMA. I posted a while ago that, looking at the fundamentals, I saw no way, even using the most optimistic assumptions, to justify NTAP over 17. The stock chart doesn't change that.