EMC How high can it go? Message Board

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Technology Stocks : EMC How high can it go?

EMC 29.05

0.0%

Sep 15 5:00 PM EST

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To: jhg_in_kc who wrote (9944)	4/19/2000 9:48:00 PM
From: Jeffrey D	of 17183

From Credit Suisse today. "You ain't seen nothing yet!" Jeff EMC Corporation (EMC, $130.13, buy) Target (12 Months): $160 You Ain't Seen Nothing Yet! EMC reported first quarter earnings of $0.30, beating the Street's consensus estimate by a penny. With hardware sales growth accelerating, EMC's core business enjoyed its strongest results in five years. We expect Clariion sales to accelerate as the salesforce nears full productivity and EMC more tightly integrates Clariion and Symmetrix technologies. EMC is adding to its portfolio of competitive advantages with an agnostic approach toward varying storage architectures and tight relationships with leading industry players. We reiterate our Buy rating, and raise our 12-month price target to $160. Annual Prev. EPS EPS 12/01E $1.94 1.92 12/00E 1.46 1.44 12/99A 1.11

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