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Enter Symbol:
Network Appliance, Inc. (NTAP) [hlAlert]

Mkt Perform
down 28.78 %

Network Appliance, Inc. (NTAP) downgraded to Mkt Perform by Wachovia

Posted on: Monday,  Sep 22, 2008  8:25 AM ET by Wachovia

Wachovia rated Mkt Perform Network Appliance, Inc. (NASDAQ: NTAP) on 09/22/2008. Previously Wachovia rated Buy Network Appliance, Inc. (NASDAQ: NTAP) on
10/12/2007., when the stock price was $28.63. Since then, Network Appliance, Inc. has lost 28.78% as of 09/22/2008's recent price of $20.39.
If you would have followed the previous Wachovia's recommendation on NTAP, you would have lost 28.78% of your investment in 346 days.

Network Appliance is a leading supplier of network attached data storage and access devices, called filers. The company pioneered the concept of the ``network appliance`` an extension of the industry trend toward specialized devices that perform a specific function in the network, similar to the development of the router for network communications. The company's recent product category is designed to achieve Internet bandwidth savings and to improve performance by moving data closer to end-users.

Wachovia offers a full range of products and services to meet the needs of corporate and institutional clients nationwide. These include capital raising, market making, and financial advisory products and services, to name just a few. We have the experience and resources you need to help your business grow and succeed. With a unified culture and integrated platform, ours is an organization that executes without distraction. We are focused and proactive, working as a team to deliver the ideas and capital for your needs.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/22/2008 8:25 AM Hold
as of 12/24/2008
1 Week up  5.91 %
1 Month up  19.80 %
3 Months up  21.60 %
1 YTD up  33.35 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/12/2007 9:25 AM Buy

(*) Stock Price at the time of the recommendation.
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