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NetApp Halted After Guidance Leak Causes Plunge
NetApp (NTAP) is halted after a 10% drop circuit breaker has been triggered, following a Bloomberg TV guidance update which gives a weaker outlook than expected. First switches (CSCO), now cloud computing... How much more can the tech bubble take?
And for perpetual comedic value, here is Cramer's take: "This one's for real. Stick with it."Also, "On Wednesday, NetApp (NTAP) should give important information on cloud computing. Cramer thinks the company is going to report a fabulous quarter; "people don't care enough about NetApp." Cloud computing continues on Thursday with Salesforce.com (CRM) which is being pursued by shorts. If the story is good, it is worth buying on a decline."
From the 8-K: Outlook
- NetApp estimates revenue for the third quarter of fiscal year 2011 to be in the range of $1.240 billion to $1.290 billion, which equates approximately to 3% to 7% sequential revenue growth and approximately 23% to 28% year over year revenue growth.
- NetApp estimates that third quarter fiscal year 2011 GAAP earnings per share will be approximately $0.39 to $0.41 per share. NetApp estimates that the third quarter fiscal year 2011 non-GAAP earnings per share will be approximately $0.48 to $0.50 per share.
- NetApp estimates share count for the third quarter of fiscal year 2011 will increase to approximately 408 million shares, including an estimated 16.9 million shares from the Company’s outstanding convertible notes3 and 9.9 million shares from outstanding warrants. Share count does not include the Company’s outstanding note hedges that are expected to offset 80% of the dilution from the convertible notes at maturity or conversion, which would equate to an offset of approximately 13.5 million shares if the conversion or maturity occurred in the third quarter.
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These crooks closed the stock with my order on the inside. Price change is no longer permitted in the markets.
We have a whole staff to ensure prices are "fixed" for you. We saw your price. Then we "fixed" it.
You're welcome.
I don't understand. Cramer was very positive on this stock quite recently. How could he be so wrong?
There, fixed it for you.
How much more can the tech bubble take?
How much more can Ben Print?
OT: Does anyone have experience with Biogas Digesters? Looking to produce some methane (baked beans were not a reliable sorce).
Is this a Barney Frank joke?
No, getting ideas to go off the grid. If you can produce your own electricity and natural gas, you can power you home and your vehicle off hydrogen or CNG. I'm thinking farmland in South/Central America.
http://en.wikipedia.org/wiki/Biogas#Gobar_gas
LOL
I understood. Asking you if it was a joke was the joke. :>)
I'm a little slow today I guess.
Barney's biogas chamber has its agitator inserted every night and once in the morning on Saturdays. LOL.
http://www.flygtus.com/854164.asp?newsid=3338540
At least you're not to the point I am. There have been times where I've begged others to tell me what the joke was after it was already explained. :>)
I was almost scared to look!
In spite of the fact that solars are down I would use them to get off the grid. With a RESS (Residential Energy Storage System) you can power your vehicle; no need for gas. It's a lot eaiser than trying to contain hydrogen.
Simple little still and a few adjustments on a vehicles computer can get ya close. They run dragsters on pure ethanol. 3 old beer kegs, some copper plumbing. Don't drink any tho :).
I always thought if we were serious about energy policy when the Ethanol Scam was being foisted upon us, that the government should have spent the money to nationalize Budweiser, and Miller.
Consult Mad Max Beyond Thunderdome, funny how the Mad Max trillogy seems to be the best reference to present economic times....
Anyway, as Master Blaster says- 'Not shit! ENERGY'! Who run Bartertown? Huh?'
Re: biodigesters
What scale are you looking at?
If it's at the household or farmstead scale, check out this great photo essay from Michael Yon, Gobar Gas II, on household-scale biodigesters in Nepal and other parts of Asia. Millions of these things have been deployed in China, India, Laos, Vietnam, Nepal, and other parts of Asia and Africa to provide low-tech but reliable local energy for cooking, heating, and lighting for a typical family that owns several cows or pigs.
Here is a pretty detailed "how to" reference: The Complete Biogas Handbook by David House. He's actually running workshops in various parts of the US. I went to one a few weeks ago and everyone there built a plastic-bag design biodigester and left with it.
That article is what sparked my interest in Biogas. I'm definately going to scale it up several fold and fancy it up a bit. I was concerned about the odor of non-enhanced gas (still containing CO2 and H2S) for cooking in a western home. I wonder how much would a micro-enhancer cost?
Thanks for the links.
NAZ plunges behind it but it looks like they Beat 52 v 50 and beat on rev 1.2b v 1.0
AH-Ha they're guding q4 below!! What donkeys the company and nasdaq are
Cramer should stick something up his ass and STFU.
Robo , Tyler , B7 solar charts .... they are getting blowtorched ...
SOL, LDK, TSL, YGE, JASO, and SOLF.
Solars getting blowtorched = Leo taking it up the ass
He's Greek, right? Tell me something I don't know.
Shazam
LOL...
ReneSola Ltd. (ADR)(Public, NYSE:SOL)
Down ~ 9.37 % Lol'
and so is HarryWanker!
HarryWanker said last week the CSCO was stock specific. He said to buy the dips and the market would close in the green. That was 5 days ago!
Hey Harry is it time to average down yet?
Once upon a time, other network gear maker financed customer purchases of their rapidly obsolete and depreciating products. Nortel.
Uh oh, dont tell Leo.
Just another buying opportunity for him...buy those dips.
True, solid 'buy da dip'.
24/7
no mo homo pomo mofo
now the ho is just po
So the question is why does NTAP get a 10% circuit breaker and so many others do not?
They have better lobbyists?
10%? try 6.5%.
That NTAP drop brought AAPL down to super cheap levels. Great opportunity there at 12x forward p/e. Buy that one for your kids right now if you're liquid enough.
Why? They recalling Gil Amelio?
The same kids that will have $20 trillion in debt to claw back before they get to equity value?
Again, better to keep making money while you can. More dollars are better than less regardless of the value. That's common sense. I would rather have 1 million dollars than zero, right? Common sense.
stock is 300 up from 79 year and half ago and up from 8 in 2003
double post
The marker cap is 275 bl. Historically, how many firms have experienced 10%+ growth a year once they have reached today's equivalent of 200 bl capitalization? (Same could be said about returns.) Common sense.
Cloud to zero. AAPL to ?
Too many holes.
3 comments TD: 1. You're replying to Harry????? 2. Harry has kids or is giving advice to people who have kids?????? 3. Methinks Bernanke talked to Chambers a few weeks back..........or at least he talked to whoever released that NY ISM report............or he talked to a couple of Irish dudes............or he talked to a few municipal officials..........or he talked with a few Wal Mart officials...........
Econophile said as a contributor: "Something is Happening". I agree, but I think Bernanke sees something different than Econophile....................
People are going to be very surprised when they realize Apple is NOT a recurring revenue business, and that when the shit hits the fan, $700 pads and $2,000 computers don't exactly fly off the shelves....
Heard that same story in 2009 as the stock rocketed off 80 bucks and continue to have amazing sales during the heart of the recession. The shit did hit the fan and AAPL took off like a bullet.
And when it drops below $200 again, it will be worth looking at again.
problem with p/e is that it depends on p and e
Didnt the CNBC chicks already declare P/E's 'SO 1990's'?
Clevage. mmmm. I'm sorry did you say something?
.
"Forward"...enough said.
"AAPL down to super cheap levels" Thats funny! If you like it here, you are going to love it down at $275 level.
doubt that
Apple is breaking down. The market getting a hot beef Injection of Pomo daily and can't get it up.
AAPL held 300 again today and SPX held 1175. To a lesser extent DOW held 11,000. Not seeing a "break down".
You will not be here to take your lumps when it does break down, of that I'm fairly certain.
quick, Someone call the child protection agency!
.
VMW MONDAY 84 74 now. Weeee
This is exactly the hybrid bastardization of a bubble market comprised of the previous everyone should be considering as they stare with misplaced confidence using their rose colored laser surgery at this market.
We know have these past bubbles rolled into one Stay Puft bubble waiting to lead to the reset.
We have a tech bubble rolled into a real estate bubble with reits a side of financial mark to unicorn EPS bubble along with a bo
nd bubble and record debt levels and a low rates bubble.
Yes let me get long the end of the world.
Nicely put.
NEW STRESS TESTS??? wtf?
http://finance.yahoo.com/news/Fed-orders-new-stress-tests-apf-3711398417...
as i read it, it sounds like the fed wants to bar dividend distribution... of course, bonuses at all time high... grrrrr, feeling the usual gnawing anger in the stomach..
Timmah feeling lonely and unloved after G20 kicked him out last week?
TIMMMAAAHHHH!!
why pay divis? no-one cares about divis, ask crAAPL.
How did NTAP turn into a discussion on POMO?
Commonly known as PFM, pure fukin magic!
Just like its suddenly turned to the FED announcing a brand new round of stress tests! Hooray!
Everything ends up being a discussion of POMO, because POMO is everything.
LOL, Tyler you catch the breaking headline 'FED orders new stress tests for banks'? WTFFFFFFF??
Really thought POMO / PPT would defend spx 1200. Guess they are doing the last possible thing left in their duche bag to support the bond market..... And that is to crash equities
220, 221, whatever it takes. All worthless garbage anyway.
Stupid tech traders...
They should have stayed with retail stocks like ANN, TGT, which have marched relentlessly higher with out much difficulty...
No worries about where gold, oil, dollar, etc. are trading.
Makes no difference if QE2 happens or not. They just keep going up.
True dat, retail where it be at on da street. Buy FUBU.
"Marched relentlessly higher..." Ridiculous. ANN started back up after a three-month plummet, and still hasn't re-captured the May high. If it does, this still just looks like a double-top with a massive down-draft to follow after holiday sales disappoint.
Isn't that a bit like cheering someone who's dying of cancer about their fabulous weight-loss?
Cant they just type in 57 on the POMO Keypad and call it a day?
Netapp=Buttslap
This MF'er is gonna close "GREEN" no matter what
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
"2010 Car of the year" IPO in the AM
LOL
problem is ... market makers have to unwind ton of call options.
Cant wait for that bloodbath. Supposedly greedy eager lemmings are lined up around the corner like an Apple gadget launch. I'll believe it when I see it.
OMG - Apple under $300 ? CALL in the PPT POMO team NOW!!!
"TIMMMAAAAAY and BENJAMIN - In my office IMMEDIATELY"
Ole timey revival. Yes sir they's John Scully in da house!
Timmah is busy applying ice packs and prep H to his ass from his treatment at the G20 last week.
HaHa,
Just a prelim. Likely the GM ipo sucks a chunk of oxygen out the room called the market. Substitution's a two faced bittch
Gm ipo is supposed to be an quick buck for the fuckers who bought into it. Little wonder they keep the pool smaller than sell more shares and pay off the taxpayer.
@ pragmatic hobo - so you are saying the market makers need to buy calls back from holders, -- Do you think they were short? Do you think the holders were delta neutral? Do you think the market makers were delta neutral on their written calls? So where should the stock go?
NetApp is having trouble because there are other, cheaper players in the market. They only rape you half as often as NetApp in selling you overpriced disk arrays.
Where is this going to open Thursday?
$53-$50?
$47-$49?
Below?
Above?
Well, it sure beats anal leakage. <sigh>
HFT and guy not watching market get the benefit.
Guy in between gets locked up.
Ins't that always the dynamic.
Tech bubbles? The year is not 1999. No doubt the idiots on the street have over bought cloud computing stocks. But let's not diminish the impact of tech companies. Don't forget that most innovation in tech is still brought to you by American companies. There is a lot of value in the tech market.
agreed.....I wish I would have bought Amazon at $10 in 2001
I recently worked for NetApp. I left them 2 months ago for other opportunites within the field. These guys are for real. If the pullback is large enough. Then I would pick some up before their year's end in April. Assuming...one of the black swans doesn't take out the marker.
They kick ass in their space. However, I am seeing a slow down in computer storage spending across the board.
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