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


To: SJS who wrote (7873)10/21/1999 10:33:00 AM
From: Christopher Nicora  Read Replies (1) | Respond to of 17183
 
IMO this is simply mutual fund managers taking profits so their portfolios look good for the year. Nothing within the company justifies this sell-off.

It looks like support around 58-59.



To: SJS who wrote (7873)10/21/1999 10:39:00 AM
From: Nathan L.  Read Replies (1) | Respond to of 17183
 
RE: "Mulonovich just mentioned on CNBC that EMC's sub had problems selling to IBM "

I think he was referring to EMC's McData fibre channel subsidiary. Weren't sales to IBM by McData expected to slow because IBM now buys its switches from Brocade. I would hope that EMC "had problems selling to IBM" seeing that IBM switched suppliers. I don't see this as a concern for EMC.