CNN 1/26/00 - 11:12:24 AM .....The
company, however, is optimistic,
anticipates sales will grow at double digit
rate in the year 2000. One thing you've got
to watch for, however, is crude oil prices, higher oil prices about it into
its earnings for the last quarter. Terry: Talking so far about the
tug-of-war between the tech stocks which are generally lower today and
bunch of big flames trade on the big board, emc is really getting watched
they had better than expected earnings, what is going on there. >> Well,
emc i believe is a little bit of profit taking on that stock, one stock
computer storage system makers one of the best performing stocks of
the decade, last year we saw that stock more than growth six fold from
its lows around $17 a share. The company beat wall street's estimates
by about 3 cents a share. However when you look into the numbers
some of the analyst, one at merrill lichb says it wasn't as good as
expected because there are other income factors that beef up that
income. Another analysts we spoke to said some investors scare of the
stock because of the high valuations they see, doing a little bit of profit
taking even though underline fundamentals of that company seem to be
pretty strong, there's some of those other income factors that boost
those numbers. Bill: Fred, thank you very much. Appreciate that. Fred
on the floor of the new york stock exchange. > |
