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: Katherine Derbyshire who wrote (423)	11/6/1998 1:24:00 AM
From: Nelson Chang	Read Replies (1) \| Respond to of 10934

Dell will bring NTAP $15 million in revenues in 2000, and $125 million in revenues in 2001, according to the analyst at Merrill Lynch. This could be quite an underestimate given Dell's growth and the growth of the overall storage industry. They also set a price target of $72 for NTAP. :) Here's an interesting article: >>>Network Appliance gains on Dell deal By Binti Harvey, CBS MarketWatch Last Update: 12:32 PM ET Nov 5, 1998 NEW YORK (CBS.MW) -- Network Appliances Inc. bounded 15 percent higher after the company sealed a marketing deal with Dell Computer Corp. Thursday. Beginning in 1999, Dell (DELL) will market Network Appliance's (NTAP) technology for Microsoft Corp.'s (MSFT) Windows NT and Windows 2000 operating systems. The companies will jointly market "filers" networked file servers that accelerate users' access to files by offloading them from general-purpose computer servers. Analysts responded positively to the news, including Merrill Lynch, which upgraded Network Appliance to "buy" from "accumulate." Analyst Steven Milunovich said, "Although the fiscal 2000 EPS impact of the Dell deal may be modest, profit expansion beyond that could be significant." Milunovich expects the deal to rake in a $15 million sales benefit for Network Appliance in fiscal 2000, and approximately $125 million in fiscal 2001. Milunovich also expects Dell's sales to expand Network Appliance's participation in finance and retail markets. Bankers Trust Alex. Brown analyst Philip Rueppel believes the deal will benefit both companies, providing Dell with enhanced storage offerings, while offering Network Appliance greater presence in the Windows NT market and access to the fastest-growing portion of the server market.<<<