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

To: DownSouth who wrote (945)	5/13/1999 10:55:00 AM
From: Winston Chen	Respond to of 10934

NTAP coverage initiated with a BUY biz.yahoo.com

To: DownSouth who wrote (945)	5/13/1999 10:56:00 AM
From: Mohan Marette	Read Replies (1) \| Respond to of 10934

BancBoston initiates coverage of NTAP with a 'BUY' rating. Thursday May 13, 10:31 am Eastern Time Company Press Release SOURCE: BancBoston Robertson Stephens BancBoston Robertson Stephens Initiates Coverage of NTAP With a Buy Rating SAN FRANCISCO, May 13 /PRNewswire/ -- The following is being issued by BancBoston Robertson Stephens, a member of the National Association of Securities Dealers, CRD number 41271: BancBoston Robertson Stephens analyst Alex X. Mou today initiated coverage of Network Appliance (Nasdaq: NTAP - news) with a Buy rating. Network Appliance, headquartered in Santa Clara, Calif., is a leading vendor of dedicated file serving and caching solutions for enterprises and Web-based companies. The company pioneered the concept of ''Net Appliance.'' ''We are initiating coverage of Network Appliance with a Buy rating. The company runs on a superior business model, with a horizontal expansion strategy,'' said Mou. ''We are introducing fiscal 1999 and fiscal 2000 earnings per share estimates of $0.46 and $0.67, respectively.'' Clients interested in receiving more information should contact their salesperson at 415-781-9700. BancBoston Robertson Stephens is a leading international investment banking firm focused on growth companies. The firm's 55 equity and high yield research analysts cover more than 600 companies. Additional information is available upon request.

To: DownSouth who wrote (945)	5/14/1999 5:09:00 PM
From: S. Day	Read Replies (4) \| Respond to of 10934

With the "buy" rating on initial coverage from Robertson Stephens it would be hard to believe that NTAP will not meet the consensus $.13 for the quarter, but you can't tell it from the price action of late--at least the volume has been below average. Some of my best performers including NTAP have been my worst performers of late--kind of hard to justify the current p/e I suppose. Look forward to when we start beating estimates by a couple of cents. DownSouth, you write "Word is that NTAP is on target or better for the year" and then "this is just my opinion". Seems like conflicting statements.

To: DownSouth who wrote (945)	5/14/1999 9:12:00 PM
From: Mohan Marette	Respond to of 10934

Excerpts from BancBoston coverage. DS: Here is a nice little comment by BancBoston analyst from the yesterday's coverage, in case you or anyone else interested missed it. =========== ..NTAP runs on a superior business model with a horizontal expansion strategy. NTAP is a highly unique company with a horizontal consolidation strategy, strong technical expertise, an expanding product portfolio, and a diverse customer base. Its server and software businesses generate high margin revenues which drive the overall margin to around 60%. Its target market is huge (~$9 bn) and fast growing. We are introducing FY99 and FY00 EPS estimates of $0.46 and $0.67. We view NTAP as a major up-and-coming Internet infrastructure company with a huge market opportunity, fast growth strategy, market leadership and strong execution......