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

To: Lynn who wrote (8009)	10/30/1999 8:22:00 AM
From: John Carragher	Read Replies (3) \| Respond to of 17183

some notes (ref emc) from today's Barrons semi annual interview with managers. Our managers long have been of mixed minds about technology shares, although they're net positive-make that wildly positive-about the tech sector at the moment. Says Erik Gustafson, of Stein Roe, "We own companies that build the infrastructure of the Internet: Cisco Systems, Motorola, Lucent Technologies. We own companies that carry the data on that infrastructure: MCI WorldCom and Qwest. And we own companies that store the data, such as EMC. In that package you own the Information Age." But James A.M. Douglas, of Douglas Nayes in New York, looks at things a bit differently. "Cisco's our largest position, and it doesn't seem to lose its luster," he says. "We also like voice transmission companies, even the Baby Bells." But EMC? "I think it's a Y2K fear story -- fear of losing your data," Douglas says. "We sold our position, although we did very well. EMC remains a great company, but I don't see it achieving the growth rate in the future that it enjoyed in the past." EMC's shares have more than doubled over the past 12 months, and the stock now sells for 52 times estimated 2000 earnings of $1.41 a share. This year, the company is likely to earn $1.08, according to First Call, an estimate-tracking service.

To: Lynn who wrote (8009)	10/31/1999 6:23:00 AM
From: JDN	Read Replies (1) \| Respond to of 17183

Dear Lynn: P.S. Have you gotten your puppy yet? Also, want to swap barbecue recipes? I'll swap the NY state Lion's Club mouth watering chicken one for your lip smacking rib one. No, the puppy is to arrive around Christmas. It was born 9/21 and must be at least 3 months old before being shipped from France. That is a legal requirement and also a requirement of the Breeder. Her exact words were, "John, if you lived next door to me I wouldnt give you this pup before its 3 mos old". Normally this could present a problem as many trainers will tell you that best time to start is 8 wks to 12 weeks. However, I am not concerned as this Breeder is VERY successful and I anticipate she herself will start the training process. I have read about 8 books on the subject and just ordered 6 more today. As to the ribs, FIRST buy only baby back ribs (leaner), strip the thin coating off boil in a pot of water for at least 45 minutes. Into the pot of water put salt, pepper, onion, and couple bay leaves. After boiling I marinate in a good barbacue sauce (Toms is the brand but you may not have it there) for couple of hours then broil on your grill basting with the sauce until they look good. The meat will fall off the bone with only a fork necessary and they will be SO GOOD. Now as to EMC-- I read the post referenced to yours about a statement made from this Douglas fellow. IMHO his statement shows his ignorance of the matter and the reason I do not own mutual funds. To say EMC only benefits from the Y2K phenomena is ridiculous. As the internet expands storage MUST expand PERIOD there is no arguing on this matter. For instance this VERY MESSAGE must be stored somewhere (I am making it long to help out EMC haha). Anyhow, while EMC may have benefitted from the need for additional storage to test out Y2K fixes it will only continue to benefit from additional and quickening internet expansion. On top of that it appears EMC is actually increasing its market share. Yes, as the numbers grow bigger the %age growth may slow but the $$$$$$$ growth will not. JDN