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: Jack Gibson who wrote (6489)	5/22/1999 10:41:00 AM
From: Patrick Sharkey	Read Replies (2) of 17183

The Boston Globe reported in today's Business section that EMC is nearing completion of a major expansion designed to accomodate 800 new Massachusetts employees, and a new training facility. More importantly, the article reports that Ruettgers, the CEO, had been approached by HWP about taking over as successor CEO, but that Ruetggers said he was staying at EMC. The absence of any validity to the notion that HWP abandoned EMC because of technology problems is highlighted by the Ruettgers' decision. This decision also emphasizes his belief in his 30% growth scenario over the next 3-5 years, and $10 billion in revenue by the end of the next three.

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