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Politics : High Tolerance Plasticity

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To: cnyndwllr who wrote (2242)	3/22/2001 2:37:05 PM
From: Gottfried	Read Replies (2) of 23153

Ed, "CeBIT-EMC rides out slowdown, 2001 growth on track" By Eric Auchard Thursday March 22, 1:44 pm Eastern Time >HANOVER, Germany, March 22 (Reuters) - EMC Corp. (NYSE:EMC - news), the top maker of information storage equipment, said on Thursday it was insulated from a global spending downturn by unquenchable data demand and is on track to lift sales by 35 percent in 2001. Speaking at a news conference at the CeBIT computer trade fair, EMC Executive Chairman Michael Ruettgers sought to distance himself from the gloom that has descended on the technology world as fears mount that a U.S. spending slowdown may spread to Europe and Asia. ``We believe that those of us in the storage industry have particularly strong recurring demand (which) will allow us to hit the $12 billion growth target,'' Ruettgers said of the company's growth goals. EMC had sales of $8.87 billion in 2000.< [snip] biz.yahoo.com Incredible statement! Gottfried

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