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Technology Stocks : Network Appliance

NTAP 117.53

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3:59 PM EST

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To: Jacob Snyder who wrote (8615)	7/6/2001 8:29:14 AM
From: JakeStraw	Read Replies (1) of 10934

``EMC's business is being impacted to a degree with each unanticipated downward step in the global economy. It now appears that there are fewer dollars being invested in information technology than a year ago,'' said Joe Tucci, EMC's President and CEO. ``The earnings results for EMC's major customers - the bulk of the S&P 500, for example - have been like a ball rolling down a hill for each of the past three quarters. When our customers earn less money, most of them have less to spend on IT, and they take a longer time to spend what they do have. biz.yahoo.com Funny how just a few months ago a lot of people on this thread were going on about how storage was somehow immune to a slowdown in IT spending...

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