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Technology Stocks : All About Sun Microsystems -- Ignore unavailable to you. Want to Upgrade?

To: Charles Tutt who wrote (31308)	4/26/2000 1:40:00 PM
From: JDN	Respond to of 64865

Dear Charles: Wake up, I think SUNW is down today thanks to the EMC Comments in an Analysts meeting. I bet a lot of money is flowing out of SUNW and into EMC today. Whaddya think? JDN <<<<EMC sees servers as peripheral NEW YORK (Reuters) - Data, data flooding everywhere and no where left to store it. Storage equipment leader EMC Corp. Tuesday said an Internet-fueled explosion of e-mail and other corporate data has led data storage to replace computer processor power as the main focus of new spending among business technology buyers. EMC executives told analysts and fund managers crowded into the company's annual product briefing here that the powerful server computers traditionally used to manage the flow of information around offices are fast becoming irrelevant. At the meeting, EMC unveiled a range of new storage systems, software and network equipment that company officials said was already shipping to customers and would account for a ''significant'' proportion of revenue for its current quarter. ``Today, we clearly believe that servers are becoming peripherals,'' Michael Ruettgers, president and chief executive of the Hopkinton, Mass.-based company, said of a role-reversal in which storage systems are displacing computer functions. He highlighted statistics from market research firm International Data Corp. of Framingham, Mass. that estimated 80 percent of corporate technology spending in 2003 will go to pay for storage equipment vs. 20 percent for servers. Fifty-four percent of corporate spending in 1999 went to storage equipment, with the rest to computers and the like. Buoyed by EMC management's confident tone and broad new product line-up, shares of EMC closed up 4-7/8 at 134-3/8 on the New York Stock Exchange, amid a general rebound in technology shares following the latest sector sell-off Monday.