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To: Paul A who wrote (18135)1/9/2002 10:18:58 AM
From: Frederick Langford  Read Replies (2) | Respond to of 19633
 
10:13 ET Network Appliance (NTAP) 23.27 -1.46 (-5.9%): Stock impacted by Bear Stearns takeaway comments from meeting with investors relations yesterday. Says no new guidance from co. Firm believes that over 40% of the qtr's biz would be expected to done in Jan. With stk trading at 165x firm's 2003 estimate of $0.15, believes it is hard to justify significant valuation upside.

Fred