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

To: GVTucker who wrote (6868)	6/28/1999 5:35:00 PM
From: trendmastr	Respond to of 17183

-EMC: EMC Symmetrix Enterprise Storage systems to employ Emulex host adapter in AIX environments M2 PRESSWIRE-28 June 1999-EMC: EMC Symmetrix Enterprise Storage systems to employ Emulex host adapter in AIX environments (C)1994-99 M2 COMMUNICATIONS LTD * EMC to OEM LightPulse host adapter COSTA MESA, Calif. -- Emulex Corporation (NASDAQ:EMLX), a leader in fibre channel technology and products, announced today that the LightPulse LP7000E PCI fibre channel host adapter has been qualified by EMC Corporation (NYSE:EMC) for use with EMC's Symmetrix Enterprise Storage systems in AIX server environments. EMC will OEM the LP7000E from Emulex and provide it to customers as part of its Fibre Channel Interface for AIX kit. "The combination of Emulex and EMC products and expertise provides customers with solutions that deliver high performance, reliability and value," said Robert Dutkowsky, EMC's Executive Vice President of Markets and Channels. "Today's announcement, together with our previous qualification of Emulex's Windows NT driver and Emulex's charter membership in the EMC-hosted FibreAlliance, demonstrates both companies' continued commitment to delivering to the market highly scalable, standards-based ESN solutions." "We are pleased to announce yet another major development in our close relationship with EMC," stated Mike Smith, vice president of fibre channel marketing for Emulex Corporation. "Symmetrix systems play a major role in helping customers realize the true benefits of enterprise storage. Emulex now provides EMC customers with our ground-breaking fibre channel products not only for Windows NT, but for AIX as well," he added. The LP7000E is part of a broad family of fibre channel products offered by Emulex to address the needs of both mission-critical enterprise applications and direct connect storage links. The Emulex fibre channel family also includes the high-performance LP8000 and LP850 host bus adapters, the price-performance optimized LP3000 host bus adapter and the industry's first digital re-timing hub, the LH5000 series. EMC Symmetrix Enterpirse Storage systems provide industry-leading performance, availability, and scalable capacity with unique information protection, sharing, and management capabilities for all mainframe and other major enterprise server environments. About Emulex Emulex Corporation is a leading designer, developer and supplier of a broad line of fibre channel host adapters, hubs, ASICs and software products that enhance access to, and storage of, electronic data and applications. The Company's products are based on internally developed ASIC technology, are deployable across a variety of heterogeneous network configurations and operating systems, and enhance data flow between computers and peripherals. Emulex's products offer customers the unique combination of critical reliability, scalability, high performance and customization for mission-critical server and storage system applications. The Company also markets traditional networking products such as printer servers and network access products, including communications servers and WAN adapters. Emulex markets to OEMs and end users through its own worldwide selling organization, as well as two-tier distribution partners. Corporate headquarters are located in Costa Mesa, California. News releases and other information about Emulex Corporation are available via the web at www.emulex.com.

To: GVTucker who wrote (6868)	6/28/1999 5:39:00 PM
From: Tony Viola	Respond to of 17183

GV, Re: "That theory believes that because of Y2K, many of EMC's customers have accelerated purchases in the past year. As this need disappears next year, the theory is that one source of revenue growth will also disappear." Thanks for that input. The first two thoughts I had were: 1. Ruettgers' (and his lieutenants) constant dialogue about 30% - 35% yearly revenues growth, culminating in $10 billion in 2001. Doesn't that fill in any valleys? 2. How long would this pall last, in other words, when does the constantly increasing need for storage pick up again, even though customers may have "filled the bathtub with water" for now. This is something like "1". Next two thoughts: 3. What are EMC's customers afraid of, that made them buy storage early? Is it the "everyone is asking for copies of all their financial statements every month this year because they want proof of their holdings when all the computers freeze on 1/1/2000?" theory (and this all requires more storage). 4. If customers have accelerated purchases, I wonder if EMC will sandbag and move some of the revenues out to when it gets slower. OT. Houston finally ran out of gas (Sprewell went wild). Tony

To: GVTucker who wrote (6868)	6/28/1999 6:30:00 PM
From: mauser96	Respond to of 17183

I've heard that mentioned -sort of in passing without the stress you put on it. Could be, at least it makes some sort of sense but seems somewhat contrary to what company management has stated and also a rather short lived phenomena unless you believe the need for data storage is decelerating. If so, it sounds like a long term investors chance to profit from other investors short term thinking. Of course all that really counts in the short term is the perception , not the reality itself. Dichotomy between a company's prospects and it's stock price is common. However, I don't take market opinion lightly, and in this case it's getting harder to stay bullish. Price declines on little if any news makes me nervous. I should have qualified my statement about New York and said something to the effect of a "disproportionate share of the money in the market is controlled by managers in the New York area.." I'll stand by that one. In any case sell side influences buy side. 60+ page institutional reports all have a kind of glossy similarity. Long on tables and pretty charts, short on original thinking. There are always exceptions to the rule of poor performance by institutions. It's easier for a money manager to get good results if he isn't handling multi billions. Despite all of the above, I still haven't sold any of my EMC, fortunately purchased at much lower prices. Thanks for the input. I see that we our stock preferences are not far apart.