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: Gus who wrote (12089)	2/10/2001 4:10:33 PM
From: pirate_200	Read Replies (1) of 17183

> My guess is that shortsellers are again using the > grapevine to amplify jitters in a market still > recovering from the Cisco miss. In particular, how > well the sober dispatches from Compaq and Sun > about a slow January as well as the rampaging > price actions of IBM and Dell provide useful > backdrop to these rumors. Investor's Business Daily on Friday, page A2, a bullit under NTAP's quarterly results had the following: "EMC's shares fell 4.64, or 7%, to 59.50 after company officials said first-quarter sales are back-loaded, raising fears that January sales were weak. EMC later said it wasn't changing its guidance." This is the "rumor" I was talking about. Apparently, there was a financial conference in San Francisco? where this was divulged. I think EMC experienced the same thing that NTAP reported (truthfully) that the budget cycle was slow to release in January for the new calendar year and sales got shifted to the end of the quarter. I own a small position in EMC and don't short as a rule anyway. I'm just attempting to give a more balanced view of your original post, which I felt was extremely slanted and misrepresenting NTAP's conference call and products.

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