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: Sunny who wrote (7699)	9/19/1999 5:59:00 PM
From: John Carragher	of 17183

EMC stock reaches record as fear of rivals wanes By Bloomberg News, 09/19/99 OPKINTON - Shares of EMC Corp., the top maker of corporate computer storage systems, rose to a record on optimism that competition from International Business Machines Corp. and Hewlett-Packard Co. is not as great as expected. EMC rose 31/8 to 707/8 Friday after earlier touching a record 717/8. The shares have gained about 67 percent this year as the Internet's surging growth has increased demand for large systems to store Web pages, e-mail, and business-to-business transactions. EMC sales people said that the company is seeing less competition from onetime partner H-P and that customers are delaying evaluating IBM's newest storage product - the Shark - for a year, Credit Suisse First Boston analyst Amit Chopra said. 'EMC's third quarter appears to be a carbon copy of the second quarter, with strong ... software sales likely to produce an upside surprise,' Chopra said.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next