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: RocketMan who wrote (4774)	3/9/1999 3:05:00 PM
From: William F. Wager, Jr.	Read Replies (1) of 17183

Here is the news that is moving EMC today------------------> EMC Corp. (EMC) shares rose 4 percent Tuesday after data from an industry consultant's report indicated information technology budgets show no signs of decreasing over the upcoming year. At the Gartner Group's recent Data Center Conference, Soundview Technology Group surveyed more than 800 attendees from U.S. corporations. The report stated "hardware budgets show no signs of slowing growth through 1999, and in fact appear to be accelerating from the 11 percent growth seen in 1998. 37 percent of the [180] respondents said that their [data center] budgets had been increased over the past three months. " EMC is the leading manufacturer of mainframe computer disk memory hardware and software. It also makes redundant array of independent disks (RAID) memory storage and retrieval systems for larger mainframe computers as well as desktop PCs. Shares of EMC rose 4 3/8 to 115 3/8. Analysts Norihiko Senda and Akira Ishihara of New Japan Securities rated EMC "outperform'' in coverage begun Monday. Heck, Mr. Ruetegers already told us this!!! Cheers...Bill

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