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

To: Lee Lichterman III who wrote (6990)	7/2/1999 9:26:00 AM
From: David Post	Read Replies (1) \| Respond to of 17183

I would agree that Y2K concerns may indeed slow sales of EMC and other giants in the industry but a relative comparison would indicate that EMC has most likely reached the bottom and should go nowhere but up from here on out. We may dip one more time before heading to 70.

To: Lee Lichterman III who wrote (6990)	7/2/1999 4:48:00 PM
From: Mephisto	Respond to of 17183

EMC & Y2K, (Comments from Conference call on Tuesday, April 20, 1999) Phil Rueppel, analyst at BT Alex. Brown he believes EMC's software business is one of the keys to EMC's overall story going forward. He said the company mentioned that its software revenue grew over 130 percent, 6 percent year-over-year, to $155 million, which Rueppel thinks bodes well for EMC's margins as well as its competitive position going forward. In a conference call Tuesday, Ruettgers said EMC sees the second quarter stronger than the first quarter, the third quarter similar to the second quarter and the fourth quarter the strongest in the year. Commenting on Y2K issues, Ruettgers said the company's Y2K spending last year was less than 10 percent and that now most of its Y2K spending is outside the United States. Rueppel said EMC's stock price has factored in Y2K issues, yet the company feels Y2K problems won't effect storage demand or demand for EMC products for remainder of year. ] EMC said research it's collected "indicates that there will not be a slowdown in spending for EMC storage products during 1999." The company said it continues to see greater than 30 percent growth in revenue and net income for 1999.