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: Tulvio Durand who wrote (7030)	7/8/1999 9:12:00 PM
From: SJS	Read Replies (1) of 17183

One analysts opinion on forthcoming EMC quarterly action in July: _______________ From SSB (Solomon Smith Barney) EMC will report its second quarter 1999 results on Wednesday, July 21, before the market opens, and will hold a conference call at 8:00 a.m. EST. We expect EMC's results to be in line or possibly exceed our second quarter EPS estimate of $0.24 (the Street is also at $0.24), up 33% from last year's $0.18, and we are projecting revenue of $1.3 billion, up 34% from last year's $952 million. We believe the storage business is doing well this quarter (up 27% year over year to $985 million), and we expect software revenue growth of 73% to generate $170 million in revenue. We are estimating 1999 EPS of $1.00 and have a price target of $75.

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