FWIW observations--
Before the Stock Downfall, EMC repeatedly stated that the biggest impediment to reaching their financial goals was hiring a large number of qualified people. Given the "no go" from the "go go's" dot.coms, who hired people with stock options, and given the layoffs, EMC should look damn attractive to skilled techies. I threw this conjecture out to a W.Coast techie and he said no one was hiring, despite ad's to the contrary.
IMO, the economy will turn around, storage will be in strong demand, and EMC can use this opportunity, especially with it's cash reserve, to strengthen itself substantially. Does anyone have any info of whether EMC is, indeed, hiring?
In addition, the decline in growth EMC reported is in marked contrast to the decline in sales as reported by NTAP.
My least favorite expression is a "Buying opportunity", but it appears, in terms of basics, obvious. However, NTAP seems vulnerable to me.
More speculation--just as AMAT announced a buyback, I am waiting for EMC to do this. They seem like a good investment.
fred |
