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

To: John Carragher who wrote (7677)	9/14/1999 8:37:00 PM
From: SJS	Read Replies (1) \| Respond to of 17183

In my opinion, these guys are getting very very rich for not doing too much.... ____________ townonline.com

To: John Carragher who wrote (7677)	9/14/1999 8:41:00 PM
From: VFD	Read Replies (1) \| Respond to of 17183

The following from the latest issue of COMPUTERWORLD Last week, analysts at ILLUMINATA INC. in Nashua, N.H., predicted IBM will make a mass-storage agreement with Hopkinton, Mass.-based EMC CORP. They said it will be similar to the network technology agreement IBM made with Cisco Systems Inc., giving up hardware sales for service revenue.

To: John Carragher who wrote (7677)	9/16/1999 11:08:00 PM
From: Tony Viola	Read Replies (1) \| Respond to of 17183

John, thread, I found this little jewel hanging out on the Intel thread. From a Bear Sterns conference call with Intel, and no EMC mention, but not too hard to imagine a connection. ;-) According to Intel, between now and 2002 the number of connected users will increase from 130 million to 320 million and the number of devices from 180 million to 500 million as the amount of data grows 24x and the number of people using that data grows 40x between 1998 and 2000." The whole article (I don't have a URL): {==========================================================} Who: "In a conference call we hosted with Intel on the implications of the 64-bit Intel Architecture, John Miner and Mike Fister, Intel VPs and GMs, outlined Intel's strategy for addressing the enterprise server market." What: "In the internet era, the demand for servers has increased due to accelerating growth in 1) the number of users, 2) the number of connected devices, 3) the number of transactions performed, 4) the amount of data collected, and 5) the number of people accessing that data. While Intel Architecture based server sales have increased at a CAGR of 31% between 1Q96 and 1Q98, we think Intel's growth rate will accelerate with the introduction of IA-64 processors and that the company will continue to gain share as it climbs the value pyramid." When: "In the not so recent past, server sales tracked clients unit growth. Over the last two year the internet has increased the number of client "proxies" (end-users, devices, database users, and transactions) such that demand for servers has accelerated. Server Growth Could Track 30% CAGR. According to Intel, between now and 2002 the number of connected users will increase from 130 million to 320 million and the number of devices from 180 million to 500 million as the amount of data grows 24x and the number of people using that data grows 40x between 1998 and 2000." (That seems awesome and may explain Intel's interest in "server farms".) How much: "As Intel's product mix richens both from increased Xeon shipments and rising Pentium III shipments, and the company continues to drive down its average unit costs, we believe the potential exists for gross margin to rise throughout 2000, possibly getting into the mid-60% range. We think Intel's formidable pipeline of new microprocessor technology will enable it to pull away from its competitors and maintain its dominance in the microprocessor market. We are maintaining our earnings estimates of $2.30 for 1999 and $2.75 for 2000. We reiterate our Buy rating and our 12-month price target of $100, reflecting both the stronger than expected unit demand and our belief that the company is in front of a period of improving blended ASP and margin expansion." BEAR, STEARNS & CO. INC. EQUITY RESEARCH