EMC How high can it go? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : EMC How high can it go?

EMC 29.05

0.0%

Sep 15 5:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Gus who wrote (13766)	1/24/2002 9:57:56 AM
From: Proud_Infidel	Read Replies (1) of 17183

EMC ahead of schedule on cost-cutting front BOSTON, Jan 24 (Reuters) - EMC Corp. (NYSE:EMC - news), the world's largest maker of data-storage systems, on Thursday said its cost-cutting plans were ahead of schedule, but customers remain cautious about spending for machines and software that store computer network traffic. EMC Chief Financial Officer Bill Teuber told analysts during a conference call that he expects information technology budgets among customers to be ``flat to down'' in 2002. ``This would indicate a sequential (revenue) decline in the (first quarter) from the (fourth quarter) of around 5 percent, or slightly more should customer caution continue,'' Teuber said.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next