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

To: jhg_in_kc who wrote (9944)	4/19/2000 9:48:00 PM
From: Jeffrey D	Respond to of 17183

From Credit Suisse today. "You ain't seen nothing yet!" Jeff EMC Corporation (EMC, $130.13, buy) Target (12 Months): $160 You Ain't Seen Nothing Yet! EMC reported first quarter earnings of $0.30, beating the Street's consensus estimate by a penny. With hardware sales growth accelerating, EMC's core business enjoyed its strongest results in five years. We expect Clariion sales to accelerate as the salesforce nears full productivity and EMC more tightly integrates Clariion and Symmetrix technologies. EMC is adding to its portfolio of competitive advantages with an agnostic approach toward varying storage architectures and tight relationships with leading industry players. We reiterate our Buy rating, and raise our 12-month price target to $160. Annual Prev. EPS EPS 12/01E $1.94 1.92 12/00E 1.46 1.44 12/99A 1.11

To: jhg_in_kc who wrote (9944)	4/19/2000 10:02:00 PM
From: Bill Fischofer	Read Replies (3) \| Respond to of 17183

Re: Announcement speculation There's little need to speculate since we'll know next Monday. However it stands to reason that it will be more than the usual "Version N+1" rollout. It will be interesting to see if EMC is ready to declare the dawn of the post-server era just yet but there is no doubt in my mind that they fully intend to marginalize the processor and end its decades-long tenure at the center of the IT universe. The future is enterprise storage networks, distributed network caches, and the net. Future generations will find "central processors" as antique as we do 19th-century factories with their central steam engines and elaborate systems of overhead belts and pulleys to distribute its power.