Tech is in the dumps. That's not really new or controversial, as even Cisco's (Nasdaq:CSCO) report was not all that strong in absolute terms. To that end, it's not entirely surprising that NetApp (Nasdaq:NTAP) reported results that were a bit weak and guidance that wasn't terribly impressive either. I don't believe that NetApp is closing the gap with EMC (NYSE:EMC), nor will in the foreseeable future, but I believe there's plenty of money to be made as the #2 storage company, and I believe these shares continue to look meaningfully undervalued.
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http://www.investopedia.com/stock-analysis/052213/netapp-probably-cheap-headwinds-arent-going-away-ntap-emc-dell-ibm-orcl-csco.aspx
Investopedia: NetApp Is Probably Cheap, But The Headwinds Aren't Going Away
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