Gottfried,
NationsBanc Montgomery Securities cut its
ratings on four makers of data storage equipment based on a survey that
suggested a macro-economic spending slowdown associated with Year 2000
repair work.
There is a consulting company called Gartner Group, whom I trust implicitly for all things to do with computing. Last I heard them give an opinion was that more storage, rather than less, is being bought because of Y2K. Companies testing for Y2K compliance, whether on old hardware or software, or when buying new of either or both, tend to need more storage. People like you and I are making more copies of our financial stuff, whether paper or on a disk in our PC or somewhere else, takes more storage. I'll believe Gartner Group over NationsBanc Montgomery Securities any day, since Gartner's business is following trends in computing, period, for at least 30 years, I may add. Disclaimer: I own EMC stock.
Tony |
