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Strategies & Market Trends : Trend Setters and Range Riders -- Ignore unavailable to you. Want to Upgrade?

To: Susan G who wrote (16007)	4/18/2002 11:27:59 AM
From: Sully-	Respond to of 26752

This may be helping storage Co's.... 09:02 ET Network Appliance biz picking up-- Pru (NTAP) 17.77: Prudential says checks indicate that sales appear to have picked up in April after a more difficult than expected start to the qtr, and firm believes the co is tracking to meet expectations for QoQ rev growth and increased backlog; believes shares could rally into earnings (slated for mid-May). 07:47 ET StorageNetworks beats consensus; turns EBITDA positive (STOR) 2.86: Posts a Q1 loss of $5.4 mln or $0.05 a share, $0.10 better than the Multex consensus, vs a yr-ago loss of $0.19. EBITDA was $3.8 mln, the co's first EBITDA positive qtr. Revenues rose 17% yr/yr to $31.6 mln (consensus $31.44 mln). STOR ended the qtr with $273.5 mln in cash and marketable investments.