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

To: Tony Viola who wrote (7000)	7/4/1999 1:17:00 AM
From: Barry Grossman	Respond to of 17183

Tony and Thread: The CEO's comments in Letters: BUSINESSWEEK ONLINE: JULY 12, 1999 ISSUE businessweek.com@@PPp7vWYAyb@MYgAA/cgi-bin/premium/issue/premium_story.pl?url=premium/99_28/b3637090.htm Re: The 'Dial Tone' of the Internet You are to be commended for reminding readers that, while the online transaction itself is changing the way much of our commerce is conducted, the principal beneficiaries of the Internet Age today are the companies involved in building the infrastructure for this 'New Economy' ('The Info Tech 100,' Special Report, June 21). In describing the builders of the new economy, however, you neglected to highlight two of the Internet's central underlying truths. The first is the explosion in the sheer amount of data that is provided online. The second is people's growing realization that the constant availability of the information is as important to Internet-based businesses as the dial tone is to telephone-service providers. These truths are among the reasons EMC Corp., as the leader in providing Net businesses with the hardware and software to store, protect, and manage all this information, was ranked No. 6 among the Info Tech 100. We have customers whose businesses didn't exist three years ago and that now store more information online than the largest banks in New York. And every time a major E-commerce outage rears its ugly head and cuts a Web company's market capitalization by a third, more of these companies learn the lesson that a robust information infrastructure is an essential requirement for survival. It's not just Cisco Systems Inc.'s pipes and Dell Computer Corp.'s nuts and bolts. At its core, the Internet phenomenon is about constant, uninterrupted access to information. Michael C. Ruettgers President and CEO EMC Corp. Hopkinton, Mass.

To: Tony Viola who wrote (7000)	7/4/1999 6:26:00 AM
From: Nine_USA	Read Replies (1) \| Respond to of 17183

Sun will be competition for EMC in Fibre Channel switches / Storage Area Networks because of this recent deal which sent Ancor (ANCR) up 240 percent in the last month. -- Ancor in pact with Sun Microsystems Networker's stock screams up 37%; switch supply deal By Cecily Fraser, CBS MarketWatch Last Update: 4:52 PM ET Jun 3, 1999 Movers & Shakers Earnings Headlines MINNEAPOLIS (CBS.MW) -- Investors bid up shares of Ancor Communications 37 percent Thursday after the networking company said it signed an agreement to provide Sun Microsystems with its fibre channel 8- port switches. Ancor's (ANCR: news, msgs) stock shot ahead 3 13/16 to 14 1/16 on volume of 5.5 million shares Sun (SUNW: news, msgs) shares fell 11/16 to 56. Specific details of the agreement were not disclosed, although Ancor did say it issued Sun a warrant to buy up to 1.5 million Ancor common shares for $7.30 a share. Vesting of the warrant occurs at the rate of one share for each $67 of revenue received from Sun, the company said. In a statement, Sun said its customers' storage requirements are doubling every nine to 12 months and it chose Ancor because of its ability to meet the needs of current and future interconnect requirements. Ancor makes fibre channel data communications products that can transfer data through fiber-optic cable at speeds up to 1 billion bits per second.