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

To: JDN who wrote (8965)	1/27/2000 10:12:00 AM
From: SJS	Read Replies (1) \| Respond to of 17183

Hello all. Haven't been here for a while, but thought I'd pass along this information I got today from CSFB. I may rejoin you all soon with a purchase. _________________ EMC Corporation (EMC-$111-Cap $112B-Buy,) Managing the Transition, and Nicely Too C00: $1.44E, C01: $1.92E · EMC reported fourth quarter earnings of $0.34, beating the Street's consensus estimate by four cents. · Constrained by a period of transition, EMC failed to deliver an upside surprise on the top line, but compensated with fatter than expected gross margins reflecting improving fundamentals. · With new hires rowing productive and already signing new customers, we believe that EMC should be able to grow Clariion's sales by over 50% in calendar 2000, implying over 40% growth in the storage business that commands investors' attention. · We are raising our calendar 2000 EPS estimate from $1.42 to $1.44, on revenue growth of 26%. With sales growth accelerating from this point. Reiterate Buy.