NetApp Announces Results for Second Quarter of Fiscal Year 2010

Revenue Up 9% Sequentially and Nearly Flat Year Over Year

NetApp (NASDAQ:NTAP) today reported results for the second quarter of fiscal year 2010, which ended October 30, 2009. Revenues for the second quarter of fiscal 2010 were $910 million, compared to revenues of $912 million for the same period one year ago.

For the second fiscal quarter of 2010, GAAP net income was $96 million, or $0.27 per share(1) compared to GAAP net income of $43 million, or $0.13 per share for the same period in the prior year. Non-GAAP(2) net income for the second fiscal quarter of 2010 was $130 million, or $0.37 per share, compared to non-GAAP net income of $92 million, or $0.28 per share for the same period one year ago.

NI Technology Updates Outlooks for STEC, Netlist, Cavium Networks, NetLogic Microsystems and PMC-Sierra

Next Inning Technology Research (http://www.nextinning.com), an online investment newsletter focused on semiconductor and technology stocks, announced it has published a special report on the emerging cloud computing trend covering companies including STEC (Nasdaq: STEC), Netlist (Nasdaq: NLST), Cavium Networks (Nasdaq: CAVM), NetLogic Microsystems (Nasdaq: NETL) and PMC-Sierra (Nasdaq: PMCS).

McWilliams has displayed uncanny accuracy in predicting the ebb and flow of the markets during the last 12 months. He not only called the relief rally that started in November 2008 and nailed the March bottom to the day, but also predicted the catalysts that would start what has been one of the most significant recovery rallies in NASDAQ history.

Fortinet Announces Pricing of Initial Public Offering

Fortinet® (NASDAQ:FTNT - News) -- a provider of network security appliances and unified threat management (UTM) solutions -- today announced its initial public offering of 12,500,000 shares of its common stock at a price to the public of $12.50 per share. The shares will begin trading on Wednesday, November 18, 2009 on the NASDAQ Global Market under the ticker symbol "FTNT." Of the shares in the offering, 5,781,683 shares are being offered by the company and 6,718,317 shares are being offering by selling stockholders. In addition, Fortinet has granted the underwriters a 30-day option to purchase up to an additional 1,875,000 shares of common stock to cover over-allotments, if any. Fortinet will not receive any proceeds from the sale of shares by the selling stockholders.

Netlist Launches World's First 16GB, 2 Virtual Rank Memory Module New memory module, HyperCloud, enables 384GB of DRAM in a dual socket server

Netlist, Inc. (Nasdaq: NLST), a designer and manufacturer of high-performance memory subsystems, today launches HyperCloud(TM), the world's first 16GB, 2 virtual rank (vRank) memory module for servers. A double-data-rate three, registered dual in-line memory module (DDR3 RDIMM), HyperCloud maximizes server utilization to improve datacenter application performance. HyperCloud allows 384 Gigabytes (GB) of dynamic random access memory (DRAM) to be populated in a single dual socket server, reaching unprecedented levels of server performance.

HyperCloud utilizes Netlist's patented rank multiplication ASIC technology to fully populate three memory channels with 16GB vRank RDIMMs. Four physical ranks are hidden from the memory controller hub and presented as 2 vRanks. Dual socket servers can then be fully populated with 24 16GB 2 vRank RDIMMs reaching a total capacity of 384GB.