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Technology Stocks : EMC How high can it go?
EMC 29.050.0%Sep 15 5:00 PM EST
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To: Marc Bourgault who wrote (14574)10/3/2002 5:38:41 PM
From: Gus  Read Replies (1) of 17183
 
Double dipper in progress, it seems.

          Sales

3Q01     $1.212B
4Q01      1.513B
1Q02      1.302B
2Q02      1.388B
3Q02      1.250B


The 7% headcount reduction should bring the break-even point somewhere between $1.35B to $1.45B or something like an additional $100M reduction in quarterly operating expenses.

The real news is that the 250M share buyback should be enough to start the downward trend in share count from 2.2B to 1.9+B shares.

POTENTIAL COST OF 250M SHARE BUYBACK

250M x $2.50 = $ 625M
250M x $5.00 = $1.25B
250M x $7.50 = $1.88B

EMC Cash/Marketable Securities - $5.6B
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