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

To: Chris O'Connor who wrote (361)	9/4/1998 11:45:00 AM
From: KFBLY	Respond to of 10934

Excerpted from recent Smith Barney review of Box Hill which mentions NTAP: When we analyze other companies in the storage subsystems business, we find a startling split in valuations. As a universe of disk array companies, we examined Ciprico, EMC Corporation, MTI Technology, Network Appliance, and Procom Technologies. On the average, these shares closed on August 28 at a forward twelve months' earnings per share multiple of 23.5, according to our calculations. The group is clearly split between high-flying stocks like Network Appliance and EMC, and those that are falling behind, such as MTI Technology, Procom, and Ciprico. EMC closed at a forward 12 multiple of 31 and Network Appliance at 50, while the other three closed at an average multiple of 12. All three of the companies with lagging multiples fell short of the street estimates last quarter, while the leaders exceeded estimates by at least two cents. The lagging stocks also endured significant downward revisions in earnings per share estimates last quarter.

To: Chris O'Connor who wrote (361)	9/4/1998 1:00:00 PM
From: Fortney Veeble	Read Replies (1) \| Respond to of 10934

There are now 7 analysts following NTAP. The previous six are: netapp.com Network Appliance Research Analysts BT Alex.Brown Phil Rueppel (415) 477-4264 Lehman Brothers Kimberly Alexy (212) 526-3141 Merrill Lynch Steve Milunovich (212) 449-2047 Needham & Co. Glenn Hanus (212) 371-8300 Pacific Growth Tom Mancino (415) 274-6859 Tucker Anthony Mark Kelleher (617) 725-2064 Here is the Paine Webber announcement: biz.yahoo.com Coverage Initiated Company Symbol Brokerage Firm ¯ Initial Recommendation: Network Appliance NTAP PaineWebber ¯ Buy PaineWebber Analyst Young Starts Coverage Of 16 High-Tech Stocks Thursday, September 03, 1998 at 14:16 NEW YORK -(Dow Jones)- PaineWebber Inc.'s new computer analyst, Don Young, started coverage of 16 high-technology companies Thursday. Young, formerly of Prudential Securities, was the top-ranked computer hardware analyst in The Wall Street Journal's All Star analyst poll this year. He replaced Walter Winnitzki, who left PaineWebber earlier this year, a spokeswoman for PaineWebber (PWJ) said, Young started 10 companies with "buy" ratings: Micron Electronics Inc. (MUEI) International Business Machines Corp. (IBM), Hewlett Packard Co. (HWP), Sun Microsystems Inc. (SUNW), Data General Corp. (DGN), Network Appliance Inc. (NTAP), Unisys Corp. (UIS), Mercury Computer Systems Inc. (MRCY), Compaq Computer Corp. (CPQ) and Storage Technology Corp. (STK). He started two companies at "attractive": Dell Computer Corp. (DELL) and EMC Corp. (EMC). And he began coverage of four others at "neutral": Gateway Inc. (GTW), Silicon Graphics Inc. (SGI), Stratus Computer Inc. (SRA) and Apple Computer Inc. (AAPL).