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: Tulvio Durand who wrote (12373)	3/2/2001 2:47:41 PM
From: Tony Viola	Read Replies (2) of 17183

Tulvio, FWIW, got this downgrade, but they hit Sun also and Sun's up. EMC Corp (EMC) 40.59 -2.32: ABN AMRO downgrades to ADD from BUY and lowers Y01 estimate to $0.91 from $0.97 and Y02 estimate to $1.22 from $1.28; continues to believe that company's long-term prospects are bright and its competitive advantage remains intact; however, current environment will keep a lid on the shares over the near term. 13:00 -- 14:00 ET (Updated throughout the hour) Sun Microsystems (SUNW) 20 3/8 +5/16: In an intraday call, ABN AMRO downgrades to ADD from BUY and reduces FY01 estimate to $0.50 from $0.52 and FY02 estimate to $0.59 from $0.69; says vendor contacts, sales contacts and channel checks revealed a sharp decline in tech spending the last two weeks; leads them to believe there is not just a tech spending slowdown, but a temporary lockdown.

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