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To: JakeStraw who wrote (10136)	5/13/2002 4:14:35 PM
From: BirdDog	Read Replies (2) \| Respond to of 10934

I didn't expect ntap to be immune to the market downturn. But the amount it was murdered reflected much worse expectations and ignorance of ntap's new products. Which I may add, they have been working on for years. As far as rose colored glasses? Do you not agree that p/e is a reflection of forward expectations? If so, they dropped the forward expectations way below reality. Especially when you consider that ntap has been top heavy in expenses through not wanting to cut back so they would be positioned to meet demand when the economy picked up. This doesn't mean they haven't cut back. Just not nearly as much as they could have to make earnings look good. Now we are getting people like Kumar the analyst realizing what ntap's forward expectations realistically are. For me, this throws a monkey wrench in my investing. I'm hoping for ntap to go down again like it did. I want to load the boat..heck...the fleet. I fear it may not go that low. Also on the rose colored glasses and P/E. Look back at the first quarter of 2000. NTAP literally ate 400 years worth of P/E in that one quarter. And that was a much smaller market than they are now competing in. BirdDog@Prairie.com