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 (9673)	3/29/2000 6:14:00 AM
From: John Carragher	Read Replies (1) of 17183

IBM Plans $400 Million Investment in Data Storage International Business Machines Corp., Armonk, N.Y., said it will invest $400 million in its growing computer-data storage business. The investment includes the hiring of about 1,000 people in sales and services, about a 40% increase in the company's data-storage work force. IBM also is creating more than 50 customer centers in the U.S., Europe and Asia. IBM said it will build at least four software testing centers in the U.S., France, Japan and Singapore. IBM declined to quantify its revenue in this market, but its latest investment is expected to help the company in its battle against EMC Corp., the market leader in computer-data storage. In 4 p.m. composite trading Tuesday on the New York Stock Exchange, IBM fell $4.50 to $122.0625.

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