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: Tony Viola who wrote (5120)	3/26/1999 11:24:00 AM
From: bob gauthier	Read Replies (2) of 17183

Friday March 26, 10:42 am Eastern Time RESEARCH ALERT - EMC Corp started NEW YORK, March 26 (Reuters) - Lehman Brothers said Friday it initiated coverage of EMC Corp. (NYSE:EMC - news) with an outperform rating. -- "EMC has become the dominant enterprise storage subsystems company and has delivered exceptional financial performance for the past few years. -- "With ever-increasing needs for storage we believe EMC is uniquely positioned to exploit opportunities in the open systems and mainframe area. -- ''We believe management can deliver on its revenue target of reaching $10 billion by the year 2001.'' -- 1999 EPS estimates are $2 per share and $2.60 for the year 2000. -- ''EMC shares have performed exceptionally well over the past few years and have doubled within the past six months. The company has become a category leader and continues to demonstrate an ability to deliver outstanding results and we believe the shares represent an attractive long-term value.'' -- Shares were up 11/16 at 124-3/4.

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