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

To: BI*RI who wrote (10308)	5/31/2000 9:34:00 AM
From: JDN	Read Replies (1) \| Respond to of 17183

Dear BIRI: Boy, that ought to give us a boost, especially coming with the stock split. JDN

To: BI*RI who wrote (10308)	5/31/2000 12:43:00 PM
From: Joseph Ziebarth	Respond to of 17183

EMC to spin off McData unit's B stock in IPO May 31, 2000 09:24 AM Eastern Time HOPKINTON, Mass., May 31 (Reuters) - Data storage equipment leader EMC Corp. EMC said on Wednesday it had filed for an initial public offering of Class B common stock of its McData Corp. unit. McData, which develops, makes and sells switching devices for enterprise-wide, high-performance storage networks, intends to apply to list the shares on the Nasdaq stock market under the symbol "MCDT" MCDT , EMC said. EMC owns about 85 percent of McData and plans to distribute all of its McData Class A common shares to EMC stockholders on a pro rata basis about six to 12 months after the IPO. McData was acquired by EMC in 1995 and was established as an independent entity in 1997. Credit Suisse First Boston is the lead manager on the IPO. Shares of EMC closed Tuesday at 120-13/16, off a 52-week high of 145-5/16 but up from a low of 47-5/16.