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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From: JakeStraw	10/18/2011 9:36:55 AM
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EMC posts 28 percent jump in 3Q earnings finance.yahoo.com and CEO Joe Tucci said he is pleased with EMC's solid quarterly performance."Global customer demand for our industry-leading products and services, which led to record quarterly financial results, is clear evidence that EMC is at the center of the most transformative, disruptive and opportunity-rich trends in (information technology) history -- namely hybrid cloud computing and the explosion of Big Data," Chairman and CEO Joe Tucci said in a statement. Companies and customers are increasingly shifting to "cloud computing," in which software and data are stored on remote servers rather than in-house computers. "Big data," meanwhile, refers to the vast troves of digital information available from a broad range of sources from social networks to city traffic patterns and music and movie files. For 2011, EMC expects earnings of $1.07 per share and adjusted earnings of $1.48 per share, the latter matching Wall Street's expectations. It is forecasting revenue of $19.8 billion for the year. Analysts are expecting $19.84 billion.

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