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Technology Stocks : Applied Materials No-Politics Thread (AMAT)
AMAT 230.17-1.4%Nov 7 9:30 AM EST

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To: Proud_Infidel who wrote (7053)9/4/2003 10:18:30 AM
From: Proud_Infidel  Read Replies (1) of 25522
 
EMC CEO sees broad-based improvement in tech sector
Thursday September 4, 10:10 am ET

BOSTON, Sept 4 (Reuters) - EMC Corp. (NYSE:EMC - News) Chief Executive Joseph Tucci said on Thursday that he sees a broad-based improvement in the tech industry, but no sharp "V-shaped" rebound.
"It will take the full 7,000 to 8,000 feet of the runway to take off," he told investors at the SG Cowen technology conference here.

Tucci said the company was on track for its profit goals, and repeated to Reuters the company's previous third quarter guidance for earnings per share of 4 cents, on revenue of $1.45 billion to $1.5 billion.

"We said we would be profitable in 2003 and we are on track to achieve that," he said, adding that the company would also be profitable in the third quarter and the fourth quarter.

He added that he is comfortable with analysts' revenue growth estimates for the full year.
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