EMC How high can it go? Message Board

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Technology Stocks : EMC How high can it go?

EMC 29.05

0.0%

Sep 15 5:00 PM EST

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To: Just4fun2 who started this subject	1/23/2001 9:26:46 AM
From: Lynn	Read Replies (1) of 17183

ML's, "Morning Notes," on EMC, written before EMC's conference call: EMC (EMC; $76.50; B-1-1-9) 00E $0.77; 01E $1.06 EMC reported solid Q4 results with 49% revenue growth, which was ahead of our “Street” high forecast. Both gross and operating margins were in line with expectations. We did not see any forward-looking comments in the press release, but we do expect to get more details during their conference call this morning. We do not think that there will be any major revisions to either the upside or downside. We believe that the strength in growth margins is indicative that the EMC story is intact and still has momentum. We would also note that the high margin software business is what drives the margins. EMC's ability to penetrate their installed base with software while becoming more aggressive on pricing versus Hitachi (HIT; $89.81; B-2-2-7) and IBM (IBM; $108.56; B-3-1-7) speaks very strongly for EMC's business model. These results reaffirm our belief that storage is different as there is a clear going on in the enterprise and the shift favors storage. (T. Kraemer) Lynn

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