EMC How high can it go? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : EMC How high can it go?

EMC 29.05

0.0%

Sep 15 5:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: JDN who wrote (4521)	2/25/1999 9:35:00 AM
From: William F. Wager, Jr.	of 17183

WSJ...EMC Corp. CEO:To Keep Taking Mkt Share From IBM And Others... NEW YORK (Dow Jones)--EMC Corp. (EMC) plans to grow faster than 30% by taking market share according to chief executive Michael Ruettgers. "We're taking share from IBM and keeping anyone else from growing," said Ruettgers citing information from Dataquest in an interview with CNBC Thursday. EMC makes and supplies enterprise storage systems and software for mainframe and open-system environments. He said not even the so-called "Y2K lock-down" threatens EMC's growth. The lock-down theory holds that growth may slow in the technology storage systems industry because once companies are through debugging their computers and software, they might not buy new products. Separately, Ruettgers said that the record date for the stock split announced this morning will be in May. On speculations of spinning off its McData Corp. unit, Ruettgers said, "If they continue to grow and be successful, we'd set them up so at some point in time we'd have options with them." -Zahida Hafeez (201) 938-5176

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next