I wanted to look over EMC's earnings, once again, b4 I responded to your post.
I haven't had time to go through the earnings in depth, but I am not unhappy.
Last summer or fall, I recall analysts were upset when EMC proposed to buy Data General Corp. (EMC's price fell, the DOW fell because of IBM's earning, and I bought EMC's shares CHEAP).
Last earnings that were reported on January 26:
EMC Reports Record Revenue and Earnings for Most
Successful Quarter and Year Ever
CEO Ruettgers said, "This performance was achieved during a quarter in which we completed both the acquisition and
successful integration of Data General into EMC; worked to build and maintain the confidence of a global customer base able to face the Y2K transition without flinching; and sold more intelligent storage to the rapidly growing e-business community than in the first three quarters of 1999 combined.
More than 40 companies have already joined our new EMC ProvenE-Infostructure program, which enables leading Internet customers to validate their infrastructures, and those customers alone purchased nearly 500 terabytes of EMC storage during 1999."
Recent news reports, since earnings announcement, show that EMC has reached agreements with MSFT as well.
Cheers,
Mephisto |
