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Technology Stocks : EMC How high can it go?
EMC 29.050.0%Sep 15 5:00 PM EST
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To: JRI who wrote (12273)2/21/2001 10:56:29 PM
From: dennis michael patterson  Read Replies (1) of 17183
 
>>Until this recent episode, I believe Chambers had as much credibility as Ruettgers..<<

I disagree. The chart of Csco tells you the street has not been buying it for months. When EMC ran up to 80 recently (3 weeks ago) Csco hardly budged. EMC is being sold because the street does not believe the slowdown will not hurt the growth. It's a PE reduction, nothing more. Reuttgers has done his job defending the EMC story. I really don't see what else he could say.
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