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To: Elroy who wrote (10218)	6/26/2002 8:50:52 AM
From: JakeStraw	Respond to of 10934

>>$11 isn't so cheap I agree. NTAP still selling at a premium to fundamentals.

To: Elroy who wrote (10218)	6/27/2002 11:27:09 PM
From: Jacob Snyder	Respond to of 10934

re: 0.3x is cheap, just look at LU: Busted badly-managed hi-debt dinosaurs (like LU) have low P/S, PE, and other "value" parameters. And deserve them. The problem with NTAP is the economy and the sector, not the company. For NTAP to get to a P/S of 0.3, LU would have to get to a P/S of 0.03. The two companies will never have the same valuation (assuming their track records predict future performance). Caveat: I thought a retest of the post-9/11 lows was highly unlikely on this dip, so I've already been proven Irrationally Exuberant.