Wednesday, November 17, 2004
NTAP - strong growth outlook
NTAP came out with earnings report yesterday. Overall the earnings were strong, but not blow out numbers. The earnings release yesterday had very positive outlook for growth (7-9% sequential) for next quarter. Compare that to last quarter where sequential growth was 5%. They are talking about 50-100% acceleration. Is the enterprise market back?
Glad i held on NTAP and didn't get rid of it like DELL. By the way, HPQ also had solid numbers yesterday and that adds to NTAP outlook statement as well, in pushing the stock up by nearly 20%.
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