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: KENNETH R SANDERS who wrote (4291)	2/9/1999 8:16:00 PM
From: Ibexx	of 17183

Kenneth and thread, News briefs from Goldman Sachs conference: "EMC (EMC) CEO Mike Ruettgers reiterated expectations that EMC, which did sales of $4 billion last year, will generate revenue of $10 billion in 2001. He said the company expects annual sales growth of 36 percent while the total market for storage gear and software rises to $35 billion from some $12 billion today. A few in Ruettgers' audience tried to find a cloud on the horizon after his speech. What about decreasing information-technology spending because of the year 2000 computer bug? "I think people will continue to buy storage even if they freeze some applications," Ruettgers said. "I don't see (Y2K) having an impact (on EMC sales)." See related story." Ibexx

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