EMC How high can it go? Message Board

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Technology Stocks : EMC How high can it go?

EMC 29.05

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Sep 15 5:00 PM EST

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To: Gus who wrote (10688)	7/21/2000 1:53:49 AM
From: Jeffrey D	Read Replies (3) of 17183

"It Must Be Jelly Because Jam Doesn't Shake Like That" Good stuff from CS First Boston today. Jeff It Must Be Jelly Because Jam Doesn't Shake Like That: EMC Continues To Roll EMC reported second quarter 2000 EPS of $0.19, beating the Street's consensus estimate by $0.02. The quarter delivers an important message: the storage market opportunity is accelerating rapidly, and EMC exploited it with its strongest results in five years. EMC showed off its execution, generating 42% of system sales from products introduced just 9 weeks ago and bringing its expanding international sales force to productivity. With a productive sales force and a refreshed product line, Clariion too has jumped into the fray with bigger things to come. EMC's momentum shows no signs of abating. We are raising our calendar 2000 EPS estimate from $0.73 to $0.76. We are also raising our 2001 EPS estimate from $0.97 to $1.00. We have raised our price target from $80 to $105 to reflect our new outlook. Annual Prev. EPS EPS 12/01E $1.00 $0.97 12/00E 0.76 0.73 12/99A 0.54

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