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

To: Lynn who wrote (8703)	1/12/2000 9:39:00 AM
From: VFD	Read Replies (1) \| Respond to of 17183

Wednesday January 12, 9:02 am Eastern Time Company Press Release EMC CLARiiON Wins Coveted '1999 Outstanding Product of the Year' Award HOPKINTON, Mass.--(BUSINESS WIRE)--Jan. 12, 2000--EMC Corporation, the world's leading provider of enterprise storage systems, software and services, announced today that the EMC CLARiiON FC5700 storage array has been awarded Performance Computing Magazine's prestigious 1999 Outstanding Product of the Year award. The award recognizes products introduced through the year that are creative works of engineering intended to support a wide range of business and industry applications. EMC CLARiiON FC5700 ranked as the disk storage system that did ``the most to advance the state of the data center during the year' and a ``storage solution with both strong performance and flexibility for the future.' Entry-level EMC CLARiiON FC5300 Recommended by IT Week Rounding out the year, U.K.-based IT Week magazine recognized the entry-level EMC CLARiiON FC5300 as the best product of its type. In its December 6th issue, IT Week distinguished EMC CLARiiON FC5300 with the coveted IT Week ``Recommended' seal of approval. According to the editors, ``With redundant components at every stage, the unit delivers exceptional fault tolerance. This, combined with the performance that is expected from a Fibre Channel disk array, makes it a compelling choice for critical applications.' Mark J. Vargo, EMC's Vice President of Product Marketing, said, ``With more and more of the world's business riding on EMC, our ability to invest wisely and deliver flawlessly has never been more pronounced. These accolades symbolize the depth of technical excellence EMC CLARiiON brings to the EMC mix. Together, EMC Symmetrix and EMC CLARiiON storage platforms offer an unmatched range of capacity and functionality, letting our customers protect and leverage all their information, from entry-level to enterprise.' Vargo added, ``While EMC Symmetrix systems are the world's most advanced for enterprise-level storage requirements, EMC CLARiiON systems clearly stand above the midrange crowd for highly distributed and critical standalone server environments of large enterprises and rapidly growing emerging companies.' EMC is the recognized time-to-market leader in delivering advanced storage and retrieval systems and information management and protection software to companies whose success depends on information. In 1999, EMC acquired Data General Corporation and integrated CLARiiON into the EMC product family. EMC Corporation, a Fortune 500 company based in Hopkinton, Massachusetts, is the world's technology and market leader in the rapidly growing market for intelligent enterprise storage systems, software, networks and services. The company's products store, retrieve, manage, protect and share information from all major computing environments, including Unix, Windows NT, Linux, mainframe and other platforms. The company has offices worldwide, trades on the New York Stock Exchange under the symbol EMC, and is a component of the S&P 500 Index. For further information about EMC and its storage solutions, EMC's corporate web site can be accessed at emc.com. EMC and Symmetrix are registered trademarks, and CLARiiON is a trademark of EMC Corporation. All other trademarks are the property of their respective holders. This release contains ``forward-looking statements' as defined under the Federal Securities Laws. Actual results could differ materially from those projected in the forward-looking statements as a result of certain risk factors, including but not limited to: (i) component quality and availability; (ii) delays in the development of new technology and the transition to new products; (iii) competitive factors, including but not limited to pricing pressures, in the computer storage and server markets; (iv) the relative and varying rates of product price and component cost declines; (v) economic trends in various geographic markets and fluctuating currency exchange rates; (vi) deterioration or termination of the agreements with certain of the Company's resellers or OEMs; (vii) the uneven pattern of quarterly sales; (viii) risks associated with strategic investments and acquisitions; (ix) Year 2000 issues; and (x) other one-time events and other important factors disclosed previously and from time to time in EMC's filings with the U.S. Securities and Exchange Commission. --------------------------------------------------------------------------------

To: Lynn who wrote (8703)	1/12/2000 12:06:00 PM
From: GVTucker	Respond to of 17183

Lynn, RE: These strung-out on margin people do not just hurt themselves. If there are too many of them and they get called, we indirectly get (temporarily) wacked, too. Actually, I prefer the market to be more anarchistic. The only way people are going to learn is if they lose their own money. If there is a broker protecting them, people tend to blame the broker for the bad decisions and take credit for the good decisions. It's just human nature. And when you think about it, on those occasions when the less-than-prudent people blow up, it doesn't hurt us, it helps us. Given that the move is only temporary, as you agree, it doesn't really hurt our pocketbook, as long as we aren't so whacked out on margin that we have to sell. And in the meantime, a lot of stocks go to highly inefficient prices, offering us a great opportunity to make money. Which is as it should be--the astute, prudent investors taking money form the overleveraged, imprudent investors.