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Strategies & Market Trends : Trend Setters and Range Riders

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To: bobby is sleepless in seattle who wrote (2692)	2/22/2001 10:52:35 AM
From: bobby is sleepless in seattle	Read Replies (1) of 5732

Brocave falls, EMC joins the free fall party... EMC Warns of Slowing Growth in 2001 BOSTON (Reuters) - EMC Corp (NYSE:EMC - news), the world's No. 1 data-storage firm, on Thursday warned that the uncertain U.S. economy would slow the company's growth in 2001. While the company still expects to meet its $12 billion revenue target for 2001, it said its revenue growth would be in the range of 25 to 35 percent. The warning is a remarkable about-face for Hopkinton, Mass.-based EMC, which has previously been untouched by blips in the economy. EMC said pockets of the U.S. have been challenged by a sharp drop-off in spending by Internet companies. But overall demand from large global companies continues to be strong, the company said.

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