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

To: Mannie who wrote (9355)	3/2/2000 1:25:00 PM
From: JRI	Read Replies (1) \| Respond to of 17183

So far, EMC is a laggard in my portfolio this year...<EOM>

To: Mannie who wrote (9355)	3/2/2000 1:32:00 PM
From: GVTucker	Read Replies (1) \| Respond to of 17183

Scenario A: The fundamentals are fine, EMC performs as the bulls expect. In this case, I truly expect to be able to buy EMC at current levels 6 months from now. When I read an analyst report or read these boards, I mostly see people who state that everyone ELSE has concerns, but those concerns are not valid. I believe that EMC's current stock price does not discount any concerns at all. This morning's Morgan Stanley comment basically presents the consensus (bull) case, and summarizes thus: "Generally, it is our view that EMC is a good proxy for explosive storage growth and that it will continue to perform up with the best S&P companies (all which have higher valuations on a historic basis.)" This is in SHARP contrast to the scenario that was painted last summer, when analysts wrongly were still worried about Y2K. As I stated then (and everyone on this board concurred) Y2K was a total non issue for EMC, hence the opportunity in the stock then. The investment community now is not discounting any issues in EMC's price. Scenario B: There are risks in EMC. Those risks could materialize. There is still the risk of a post Y2K slowdown. EMC's competitors are not nearly as far behind as they were a year ago, and depending upon how R&D goes, the gap could narrow further. Gilder could prove to be correct, that NAS (led by NTAP) is really the future of storage, leaving behind EMC in the value added side and preventing EMC from keeping its historical high prices. Is this happening how? No. The market looks forward, though, and a lot could happen in the next 6 months.

To: Mannie who wrote (9355)	3/2/2000 1:36:00 PM
From: JRI	Read Replies (1) \| Respond to of 17183

My portfolio widely beat the Naz in each of the last 3 years......I do not invest in biotechs......I have outperformed, largely, by pruning laggards after it became clear they were going to continue to lag.........I am not saying that EMC is in this category...I am only saying that the last two months have not been stellar..and lately very weak....and that is unusual..given the lack of bad news (like McCarty's infamous April 1999 "nuclear winter" report) which hurt the stock for quite a while...or worries about DG acquisition (which hurt stock last summer) or even neutral news/market (at times, last year)........normally, in a no news environment...with the Naz strong.....EMC runs..........EMC got a ton of promotion in Jan./Feb....made many "have to buy" lists.....no one has said anything negative in quite a while........the quarter should be going well......so, I find it unusual that the stock is so woeful lately (due to no reason)...when many other techs in many other "internet" categories are still raging.... Could mean nothing. Could mean something. But I don't think the last two months, and especially last couple weeks are "business as usual"..if you look at the past couple years as a guide...If the quarter is going well, Ruettgers should come out and say so...that would draw some "good" attention to the stock... Could fund managers be maxed out on EMC?