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: Bread Upon The Water who wrote (14652)	10/12/2002 6:03:53 PM
From: E.J. Neitz Jr	Read Replies (1) of 17183

9/19/02 7:14AM EMC Corp upped to Strong Buy at First Albany -- valuation (EMC) 5.40: First Albany upgrades to STRONG BUY from Buy based on valuation, strong new product introductions, and firm's expectation that EMC can make its Q3 projections. With stock trading at 2.2x cash and 1.6x revenue, firm believes EMC has reached a significantly undervalued position. Assuming 2003 EPS of $0.21 and 30% growth rate over 3-yr horizon, firm arrives at 12-month target of $8.20.

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