EMC How high can it go? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : EMC How high can it go?

EMC 29.05

0.0%

Sep 15 5:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: dennis michael patterson who wrote (4362)	2/14/1999 2:39:00 PM
From: Gary	Read Replies (2) of 17183

Agreed, it has a very strong Relative Performance line. My concern over the short term be it 2 weeks or 3 months is a drop in the DOW and the broader market. EMC could be caught in a down current but I don't believe its' drop would be as severe as what the broader market could be. After all if they meet earnings forcasts as they have done to date the current price would reflect a 45 times earnings multiple. This is historically high but as far as I know they have more often beat street estimates and now they are getting into selling high G.P. software. There is a possibility that the current price could reflect a multiple of about 35 (on 1999 earnings)if things went well for them.And they have a good chance of things going very well.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next