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Technology Stocks : Son of SAN - Storage Networking Technologies

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To: J Fieb who wrote (1128)	3/27/1999 8:43:00 AM
From: J Fieb	Read Replies (1) of 4808

If you had to pick an alliance which one would be the best...... techweb.com That's One Hot Stock Martin J. Garvey Given the growing importance of data storage these days, you'd think any investment in any storage vendor would do well. Not so. EMC Corp., the maker of Symmetrix Enterprise Storage Systems, has seen its stock rise 36% this year, from 87 on Jan. 4 to 118 last week. But rivals StorageTek and Seagate are down 25% and 16%. What do investors see in EMC? The company says it sells "protection and management of information" rather than just products-and the message seems to connect with both customers and Wall Street. "They have what's akin to a Wall Street trading room," says Amit Chopra, an analyst with Credit Suisse First Boston. "If there's any problem with any box they've ever sold, it lights up and they fix it remotely. Nobody else has that level of service." Marketing savvy may also be key. EMC says it pursues customers that are top spenders on IT. Go FC do your stuff! Another report on 3COM, many others won't stop...... techweb.com The 3Com spokesman said the company has not shipped any SAN products and will "gracefully" exit its alliances with SAN companies. 3Com said it planned to contribute adapters, hubs and switches to the SAN efforts. 3Com is applying a "new strict financial model" to how its business is run, investments it makes and businesses it enters, the spokesman said. It must have come as a MAJOR shock to Storagetek et al........ The 3Com spokesman said the company had no inkling whatsoever during the March 16 press conference with StorageTek that it would drop out of the market so fast. He said 3Com held the event and signed the agreement in total faith.

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