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: stock bull who wrote (6668)	6/9/1999 1:31:00 AM
From: Tulvio Durand	Read Replies (2) of 17183

... possible that DLJ's analyst thinks EMC is a drive manufacture; ie, Seagate? I would not dismiss this possibility, as it has occurred on at least one other occasion about three months ago. Ted David, a CNBC interviewer and stock commentator, referred to Seagate and other disc manufacturers as EMC's competitors on the same day that the latter were downgraded by a brokerage house analyst. EMC took a big hit on that day. To his credit, Ted Davis apologized for this faux pas on the SI CNBC thread after being set straight by several miffed SI posters. Not only do these people erroneously equate PC hard disk with enterprise storage, they also don't understand the role that enterprise storage plays in alleviating Y2K problems. Financial centers and other businesses need to record and store more data more often during the Y2K transition than at other times in order to be able to unscramble errors that might occur because of Y2K glitches. Thus there could very well be MORE demand for EMC equipment because of Y2K. EMC management stated unequivocally that they see no slowdown of orders because of Y2K (April 20 CC). Who should be more in the know, EMC who has the orders from customers or DLJ whose motivation could be influenced by the June 18 options expiry? One earlier post presented news story that EMC call options were on the rise today. Coincidence? A DELL poster with Level-2 access (https://www.siliconinvestor.com/readmsg.aspx?msgid=10031784) noticed that DLJ was continually on the bid side of DELL trading right after reducing DELL earning estimates today. Coincidence? I'm holding on to my EMC shares, and maybe buy some more. Tulvio

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