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

To: VFD who wrote (8560)	12/30/1999 3:38:00 PM
From: JRI	Respond to of 17183

Ruettgers interview this afternoon on CNBC: Nothing really new. Most questions were general, and non-company specific: What is going to happen with Y2K? Are tech stocks overvalued (I paraphrase)..On the one/two EMC specific questions, Ruettgers threw some standard lines: "Storage should grow 1800% over the next 5 yrs....double the past 5 yrs"....."Most corporations, .com's look to 4 companies for their basic needs....EMC being one. Current technology leaders are going to be hard to replace/displace..." No split announcement, and the questions didn't really allow Ruettgers to be too specific, but, overall, a bullish interview....Importantly, no indication of any slowdown or danger for the quarter.......Ruettgers certainly continutes to stand up, and not standing down to his previous strong views (which we all love)... Stock's been up this aft....

To: VFD who wrote (8560)	12/30/1999 3:43:00 PM
From: Tony Viola	Read Replies (2) \| Respond to of 17183

Mike Ruettgers on CNBC, Ron Insana interviewing. Mke was very positive (what else is new). Q. How about next 5 years? A. Storage needs expected to grow at 2X rate of last 5. 1800% in next 5. The ramp is accelerating at this point. Unlimited opportunities going forward. Q. How about Y2K? Any possible speedup in orders after the 1st? A. Might just well be. Customers were told it might be wise to not move stuff (his word) around last 15 days. On Jan 3, there might be a lot of pent up demand, driving getting moving again. Q. Ron said EMC has little competition. Mike didn't deny this, said almost every dot COM company has same 4 companies for infrastructure. Didn't say who, but undoubtedly EMC, Sun, Cisco and oracle (I've seen that one before). background: EMC market cap > GM, AEX, Bell Atlantic... +80,000% in the 90's appreciation on stock. About it. Tony