Market Gems:Stocks w/Strong Earnings and High Tech. Rank 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.

Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Joe Hoek who wrote (34026)	4/15/1999 11:53:00 AM
From: Spartex	Read Replies (2) of 120523

<<What really pisses me off is my EMC getting trashed. Earnings are out next week and this MAY be an opportunity to get in. >> If you dig a little, you'll find some rationale for EMC's drop today. Look at news out from STK. Good Luck. cbs.marketwatch.com Computer storage device maker, EMC (EMC: news, msgs) stock dropped 13 11/16, or 10 percent, to 112 5/16. Storage Technology (STK: news, msgs) lost 7 7/8, or 30 percent, to 18 3/16 after the company reportedly said slower sales will result in first-quarter earnings between 5 cents to 10 cents. This compares to the First Call estimate of 42 cents a share. In addition, Storage Tech said it would layoff 500 employees and take a charge in its second quarter as a result. In addition, PaineWebber analyst Kevin Buttigieg downgraded Storage Tech from an "attractive" to a "buy."

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next