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: John Herod who wrote (80)	8/6/1996 10:36:00 AM
From: Darin Davis	of 144

EMC will breakout in 4-7 months! I have owned EMC for almost three years, and added to my holdings on some of the dissappointing corrections. Price pressures are abating, new products extend total available market, and consistent price/performance leadership will continue to drive growth! The January conf call said expect flat comparisons with 1H'95, and then Y-to-Y growth resuming in 2H'96. I expect Q3 to be good, and as the market starts to realize that Q4 and 1997 will beat estimates, the stock will break above its alltime high of $27. I wouldn't be surprised to see low $30's by spring, and who knows what may happen when the momentum followers jump onboard - $50? EMC has much better margins than SUNW or HWP, which means on 4X sales of $2.5B for 1997 ==> $10B market cap/250M shares == $40. - Darin

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