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Technology Stocks : EMC

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To: meveric who wrote (280)1/10/2006 4:54:14 PM
From: VFD  Read Replies (1) of 368
 
Meveric,

I hope you don't think I am being sarcastic but here, there is still hope. More analysts hype:

"EMC (EMC ) : Reiterates 5 STARS (strong buy)
Analyst: Richard Stice, CFA

EMC acquired Internosis, a privately-held provider of information technology services. Terms were not disclosed and the deal is not expected to materially impact EMC's 2006 EPS. We believe this transaction is in line with the company's strategy to utilize, in our view, a significant cash position to diversify its revenue base. EMC recently possessed over $3 per share in net cash. Moreover, we think similar acquisitions are likely to occur in the coming months. Our 12-month target price remains $18 and we strongly advise purchase of the company's shares."

yahoo.businessweek.com
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