EMC recently spun off McData, a supplier of fiber optic switches and directories, which are key and integral to building SANs. I think one of the reasons was so that McData could sell more easily to EMC's competitors like IBM, Compaq, HP, Sun, etc. Other reasons? The shares of EMC are being distributed right now to EMC shareholders. I don't know why that would make EMC go down except that, nowadays, any news can wake up people to sell your stock. In retrospect, looking at all the news that's out now, it looks like the NTAP/EMC weak January rumor, which I hope EMC speaks to, plus people being nervous about NTAP's earnings report today, is the reason for EMC weakness today.
Tony |
