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NetApp (NTAP -2.3%) slides in response to OEM partner Xyratex's (XRTX -15.7%) poor results and...

Oct. 03, 2012 11:29 AM ETNetApp, Inc. (NTAP) StockNTAP, XRTX-OLDBy: Eric Jhonsa, SA News Editor
NetApp (NTAP -2.3%) slides in response to OEM partner Xyratex's (XRTX -15.7%) poor results and guidance. Xyratex's earnings call remarks about its Enterprise Data Storage unit seeing "a material decrease" in demand also aren't helping. But BMO and Cantor are defending NetApp: BMO claims NetApp is seeing a mix shift towards low-end solutions that aren't supported by Xyratex, while Cantor argues channel checks and contract manufacturer Jabil's guidance bode well for NetApp.

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