Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: JDN who wrote (9129)	2/6/2000 4:30:00 PM
From: Mephisto	Read Replies (1) \| Respond to of 17183

I wanted to look over EMC's earnings, once again, b4 I responded to your post. I haven't had time to go through the earnings in depth, but I am not unhappy. Last summer or fall, I recall analysts were upset when EMC proposed to buy Data General Corp. (EMC's price fell, the DOW fell because of IBM's earning, and I bought EMC's shares CHEAP). Last earnings that were reported on January 26: EMC Reports Record Revenue and Earnings for Most Successful Quarter and Year Ever CEO Ruettgers said, "This performance was achieved during a quarter in which we completed both the acquisition and successful integration of Data General into EMC; worked to build and maintain the confidence of a global customer base able to face the Y2K transition without flinching; and sold more intelligent storage to the rapidly growing e-business community than in the first three quarters of 1999 combined. More than 40 companies have already joined our new EMC ProvenE-Infostructure program, which enables leading Internet customers to validate their infrastructures, and those customers alone purchased nearly 500 terabytes of EMC storage during 1999." Recent news reports, since earnings announcement, show that EMC has reached agreements with MSFT as well. Cheers, Mephisto