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

To: John Carragher who wrote (8947)	1/26/2000 2:06:00 PM
From: JDN	Respond to of 17183

Dear John: Well, as I reported to this thread a few days ago, as far as I am concerned the biggest praise EMC can ever receive was that from its competitor SUNW. The folks at SUNW are no slouches and they dont pull any punches (ask Bill Gates on that one-haha). They said EMC is a formidable competitor and they have the highest respect for them. In fact, when the questioner (on SUNW's CC) tried to push the issue as to how SUNW would compete for Storage against EMC they redirected the question to saying something about SUNW felt they had a good chance when installing a NEW SUNW system of including their storage there. There was no comment about attacking EMC's customers. So anyhow, the bullshit these analysts talk about as to whether they made 32 cents or 34 cents (both are over consensus) is just that. They had a heck of a good qtr inspite of the fact they were absorbing a major acquisition. Anyone who cant see that and give them the credit they are due for it doesnt deserve to own this stock. JDN

To: John Carragher who wrote (8947)	1/26/2000 2:17:00 PM
From: James	Read Replies (3) \| Respond to of 17183

I Listened to the conference call, here are the major points: Base EMC (EMC before DG) would have seen profit increase this quarter by 56%. MR 'made fun' of the journalist who said there would be a y2k problem. By the end of 2000, EMC will be one of ten largest software companies on Earth. Over 10000 software licenses sold in '99. IBM shark is simply not a threat. HP made a bad decision as evidenced by a lower market share. Gaining on Sun in server sales. SAN Market-- Clear leader. NAS Market-- Already at a $300 million run rate; and growing faster than anyone. Quarter over Quarter growth will excelerate throughout 2000. Overall growth will be 25%. Reaching $12 billion by 2001. Intergration of DG is at 'breakneck' speed. Added Clariion sales to current EMC customers. (synergies) Avion--> quickly exiting unprofitable business, which will reduce overall revenue of this unit by 25%, but increase margins. Overall margins for 'base' EMC is increasing due to huge software sales. Cash & Investments increased $286 million to over $3 billion. This represents 44% of total assets! Dot Com business is booming, but MR sees an even faster growing and larger opportunity among the Global 2000 companies just going online now. Software growth in '00 will be +50%. Overall, I am more comfortable with my investment than I was yesterday. (added some at $110.75) Cheers, James