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Goldman Wary on Net App: Page 2 of 2

Conigliaro says that even though it looks like business picked up at the
end of the quarter it's probably not enough to offset weakness for May and
June. She also thinks estimates for the full year may have to come down, yet
again.

Nevertheless, a day earlier Wit Soundview analyst Glen
Ingles said if Network Appliance reports revenues of more than $200 million,
the stock could rally. He says signs of improvement in North America and a
pickup at the end of the quarter could boost the stock.

Both analysts
still like the long-term prospects for Network Appliance.

— Jo Maitland, Senior Editor, Byte and Switch http://www.byteandswitch.com

Movers and shakers from more than 100 companies – including Network Appliance – will be speaking at StorageNet, Byte and Switch’s annual
conference, being held in New York City, October 2-5, 2001. Check it out
at
StorageNet2001