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

To: Nouveau_Riche who wrote (7994)	10/29/1999 9:16:00 AM
From: JustMy2Cents	Read Replies (1) \| Respond to of 17183

Emc Corp (Emc; $70 5/8; B-1-1-9) Dec99E $1.10; 00E $1.45 o Management provided guidance for the company after the merger with Data General. Revenue growth of 27% next year is slower than EMC's recent 35% rate, but the combined company will grow earnings more quickly. o Our 2000 EPS estimate is $1.45, up 40% over 1999. o Our 4Q estimate falls $0.02 to $0.31 on lower operating earnings from Data General, but look for accretion to kick in for the second half of 2000. o The combined company is bigger, has a broader product line, an expanded market, and less expensive products to offer price-conscious buyers. EMC's strong management team helps mitigate our concerns surrounding the integration of the two companies. (ML's S. Milunovich)