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

To: Paul V. who wrote (8853)1/22/2000 9:57:00 PM
From: Tony Viola  Read Replies (2) | Respond to of 17183
 
Paul, I noticed in the latest index issue of value line that they have a target for EMC of $160-240 in 3-5 years.

What does Value Line do, take the current price and multiply by X and then Y to get 3 and 5 year price targets, no matter what the stock? No offense intended, it's just that those pubs tend to do something like that.

Tony



To: Paul V. who wrote (8853)1/23/2000 4:49:00 AM
From: JDN  Read Replies (1) | Respond to of 17183
 
Dear Paul: If one reads the estimates of increasing Storage needs and presumes EMC will only maintain their current market share (which I believe they have a good chance of improving on now that they also have the Clarion line) those estimates are very reasonable, in fact I would say their top number could be the bottom range of the target. JDN


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