EMC, why does it keep going down? Message Board

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Technology Stocks : EMC, why does it keep going down?

EMC 29.05

0.0%

Sep 15 5:00 PM EST

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To: philip karuman who wrote (17)	10/25/1995 10:20:00 PM
From: olduser	of 144

After the close today EMC announced the aquisition of privately held McDATA corp. EMC stated that the deal will be accretive to earnings of .08 to .10 for 1995. They are paying 230 million in stock for the company. McData specializes in high- bandwidth networking solutions for large scale computing applications. They had 150 million in revenues and are profitable. I listened to a 5PM call by Ruettgers and Egan. They were very upbeat about the potential of the combined companies in open systems. The call was very upbeat, but left me wondering if EMC has something else up its sleeve with this deal. They will have a meeting in NY on Nov 6th to discuss new products. McData must have some propriatary technology that EMC thinks will be big. I guess we will have to wait to find out, but in the mean time, the stock should be up tommorrow.

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