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: Kayaker who wrote (13211)	9/19/2001 12:07:05 PM
From: Dan Hamilton	Read Replies (1) of 17183

DISASTER GIVES BOOST TO DATA STORAGE FIRMS Data storage companies such as EMC; data back-up companies such as Veritas Software and Comdisco; and IT data center managers such as IBM and EDS are expected to see a rise in business in the coming months, as businesses scramble to safeguard their data assets. In addition, companies that provide services such as Web site hosting could see a boost from customers eager to locate critical parts of their IT systems outside of their own facilities. Although many corporations have slashed their information technology budgets for the year, even before last week's attacks the focus has been shifting away from new equipment purchases and toward data protection and management. "There has been a rebalancing of IT spending by large corporations towards data storage systems," says Veritas CEO Gary Bloom. (Financial Times 18 Sep 2001) news.ft.com

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