Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: John Carragher who wrote (10845)	8/3/2007 9:34:30 AM
From: JakeStraw	Respond to of 10934

On the other hand, Bear Stearns issued a downgrade on NTAP today as well...

To: John Carragher who wrote (10845)	8/3/2007 12:48:14 PM
From: pirate_200	Respond to of 10934

Citigroup/Deutsche Bank/First Albany/F.B.R./Bear Stearns info from Yahoo... ======== messages.finance.yahoo.com ======== Why Citigroup UPGRADE NTAP Today? (Not rated) 3-Aug-07 10:38 am As mentioned at 6:40, Citigroup upgraded NTAP to Buy from Hold following earnings. Over the short term, they expect the co to repurchase 10%+ of its shares; Mid-term, they expect the reduced hiring to translate to operating margin expansion; Longer term, they expect continued tighter hiring discipline meeting normalized demand and favorable comparisons ... Baird is reducing its tgt to $35 from $44 and believes NTAP is setting a fundamental bottom with upside to shares as revenue growth re-accelerates later this year. Firm says to add to positions on expected weakness with co's encouraging bookings, a strong product portfolio, and solid balance sheet ($3/share net cash) ... Deutsche Bank says NTAP is well positioned to continue posting strong organic rev and earnings growth. They believe continued healthy growth in NAS storage, combined with rapid growth of emerging iSCSI storage and share gains in SAN, should support 10-30% rev growth over the next three years. IBM and Decru could also provide upside ... First Albany says contrary to reports by IBM and EMC of a recovery in corporate spending, NetApp's mgmt blamed the rev shortfall on continued softness in enterprise storage spending in the U.S. and parts of Europe ... F.B.R believes, based on info from mgmt and their checks, suggests NTAP is choosing to refill backlog levels for the following quarter in order to avoid another uphill battle in October. Firm believes that underlying sales growth has slowed from 30% plus to the low 20% area ... As mentioned at 6:57, Bear Stearns downgraded NTAP to Underperform from Peer Perform ========

To: John Carragher who wrote (10845)	8/3/2007 1:57:34 PM
From: im a survivor	Read Replies (2) \| Respond to of 10934

OUCH, with NTAP down almost $6, I am afraid to look at my portfolio as I have bunches of NTAP. Luckily, my cost basis is very, very low, but this drop from the $40's has not been a fun ride ;>) On the flip side, NTAP is a solid company so seeing it in the low $20's almost makes me want to buy some. If Mr. Market wasn't looking so ugly overall, I probably would have added on this large one day drop. Anybody care to call a bottom on NTAP or an opinion on what would be a good buy point? I myself would normaly say NOW is a good time to buy or maybe wait and see if it holds $20 and then buy, but again, not knowing what Mr. market overall is doing, makes it hard for me to make a call on this. What I do know is NTAP is a good quality company. And normaly you buy quality when everybody else is selling it. What I dont know is how low Mr. Market will go or how low it will take NTAP. Even with the lowered numbers, they appear to be doing well. Plenty of cash on hand as well......I think todays sell off is way overdone, but then again it could drop to $5 for all I know. This market has no rhyme or reason to it. Some company's report awful numbers and go up 30% and keep going up. Others report stellar numbers and get beaten to death. Go figure, cause I sure cant ;>) But anybody care to try to peg a bottom and a good time to add?