i have some troubles with the EMC report:
1. they blame the economy too much. If you substitute the word sales for the word economy, then you are talking...
2. Reutgerrs was silent.
3. The days of high profit margins are gone. Once they are forced to discount sharply to make sales, that's the new baseline price. the refrigerator sized iron was overpriced.
4. No guidance at all is a very bad sign. I suspect they know they will never again get the high profit margins back.
However, all seem to say, notably Bill Fischofer, that storage is vital and irreplaceable, not discretionary spending...
However, so far as the year 2001 goes, this seems to be untrue.
It may be the last of the tech myths to fall
Storage spending can be cut back on just like any other item
Now if EMC had a build to order just in time system like Dell, I'd feel somewhat better.
FWIW, I am almost all cash now and very disillusioned...
in another quarter or so, there will be some amazing bargains...
but I worry that as one analyst put it, EMC"s business model is in doubt.
Now the company can be seen as "Extraordinary Mark-up Company" in Mike Dell's phrase.??? |
