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Technology Stocks : EMC How high can it go? -- Ignore unavailable to you. Want to Upgrade?

To: SJS who wrote (6719)	6/14/1999 6:02:00 PM
From: Dr. Jeff	Read Replies (1) \| Respond to of 17183

<< Good news. So now they tell the analysts to INCREASE their growth rate for the next 2 years from 30%/year to 35%? Fine by me.>> OK, so lets see now. Current PE is north of 60. Price/sales is 13, and book value is $3.60. The stock was a great buy last October at $23, but now it looks like a SELL. The company is out with hype every day showing how desperate they are to support the stock price. I'd step away from that kind of activity. $48 may look cheap to some, but with only 35% growth, It's not. I'd HAVE to see 60% growth to pay this price. With the CFO smiling after every answer, I'd be damn nervous to be long this "THING."