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

To: H.A.M. who wrote (638)	2/18/1999 1:11:00 PM
From: John F.	Read Replies (1) \| Respond to of 10934

I think NTAP is down for several reasons: 1. High PE and NTAP only met EPS consensus, 2. Nasdaq has been under pressure, 3. DELL set the tone with its high PE and disappointing sales results, 4. And, according to the Dow Jones Newswires article you posted... [Net revenue for the company's third quarter was up 72% over a year ago. "The analysts expect us to continue growing at that rate," Warmenhoven said. "I'm only comfortable with history."] Also the fact that sales to DELL will not kick in for another quarter may have disappointed some... ["Contracts to include Network Appliance products in systems sold by original equipment manufacturers Dell Computer Corp. (DELL) and, in Japan, Fujitsu Ltd. (J.FUT) won't begin contributing to revenue until the first quarter of Network Appliance's next fiscal year, Warmenhoven said."]