EMC How high can it go? Message Board

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Technology Stocks : EMC How high can it go?

EMC 29.05

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Sep 15 5:00 PM EST

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To: Gus who wrote (13284)	10/8/2001 4:50:45 PM
From: Proud_Infidel	Read Replies (1) of 17183

RESEARCH ALERT - Merrill lowers EMC earnings views PALO ALTO, Calif., Oct 8 (Reuters) - Merrill Lynch analyst Thomas Kraemer reduced earnings and sales estimates for computer storage giant EMC Corp (NYSE:EMC - news) on Monday, citing a weak sales and pricing environment, and concerns over possible additional discounting on the company's software products. Kraemer cut his third-quarter revenue projections to $1.35 billion from $1.55 billion, and cut third-quarter earnings estimates to a loss of five cents per share from a previous forecast for a loss of three cents. He cut full-year 2001 revenue estimates to $7.26 billion from $7.54 billion, and reduced earnings estimates for the full year to 15 cents per share from 16 cents previously. Kraemer also reduced full-year 2002 revenue estimates to $7.45 billion from $7.77 billion and full-year earnings estimates to 19 cents per share from 20 cents. ``Our contacts continue to indicate a weak sales and pricing environment for EMC and we have heard comments implying software discounting,'' Kraemer said in a research report.

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