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

To: Tony Viola who wrote (10541)	6/22/2000 3:38:00 PM
From: TraderEd	Read Replies (1) \| Respond to of 17183

Thursday June 22, 1:01 pm Eastern Time Merrill Lynch unveils 26 top stock picks NEW YORK, June 22 (Reuters) - Amid a schizophrenic U.S. stock market that has turned from highly volatile to lethargic since the first of the year, Wall Street giant Merrill Lynch unveiled a list of stocks that it called its best long-term investment picks. The list includes some unsurprising blue-chip names, including General Electric Co. (NYSE:GE - news) and CitiGroup (NYSE:C - news), and also some high-tech favourites such as JDS Uniphase Corp. (NasdaqNM:JDSU - news) and Yahoo Inc. (NasdaqNM:YHOO - news). The list was first presented to Merrill's army of over 14,000 brokers last week and was formally presented to the public in a press briefing at Merrill's world headquarters in Manhattan on Thursday. ``As companies navigate the transition from the old economy to the new, the common theme among the companies on our list is their ability to be agents of change and to use change as a way to accelerate growth and increase shareholder value,'' said Andrew Melnick, director of Merrill's Global Securities Research and Economics. Merrill noted that the companies represent diverse industries and geographic locations, with about 40 percent of the recommendations being non-U.S.-based companies. Merrill's top 26 picks for long-term investment. America Online Inc. (NYSE:AOL - news) America International Group (NYSE:AIG - news) Bell Atlantic Corp. (NYSE:BEL - news) Burlington Resources Inc. (NYSE:BR - news) Cisco Systems (NasdaqNM:CSCO - news) CitiGroup Inc. EMC Corp. (NYSE:EMC - news) General Electric Home Depot Inc. (NYSE:HD - news) HSBC Holdings Plc (quote from Yahoo! UK & Ireland: HSBA.L) (NYSE:HBC - news) Hughes Electronics Corp. (NYSE:GMH - news) JDS Uniphase Kyocera Corp MedImmune Inc. (NasdaqNM:MEDI - news) Network Appliance Corp. (NasdaqNM:NTAP - news) News Corp. (Australia:NCP.AX - news) Nokia (NYSE:NOK - news) Nortel Networks (Toronto:NT.TO - news) (NYSE:NT - news) Omnicom Group Inc. (NYSE:OMC - news) Scottish Power Plc (quote from Yahoo! UK & Ireland: SPW.L) Sony Corp. Texas Instruments Inc. (NYSE:TXN - news) TotalFinalElf Vodaphone AirTouch Plc (quote from Yahoo! UK & Ireland: VOD.L) Walgreen Co. (NYSE:WAG - news) Yahoo!

To: Tony Viola who wrote (10541)	6/22/2000 4:22:00 PM
From: Gus	Read Replies (1) \| Respond to of 17183

The numbers back him up. Storage/Server corporate budget 1996 - 25% Storage/75% Server 1999 - 50% Storage/50% Server 2003 - 75% Storage/25% Server On the storage demand side, the current corporate upgrade cycle is focused on internetizing the operations of the Global 2000 against the backdrop of a projected 250x increase in bandwidth over the next 5 years (source: Lucent). The global 2000 is expected to double its storage requirements every year for the forseeable future while the dotcoms are expected to continue to double their storage requirements every 90 days. On the server supply side, the ascendancy of the cheaper Wintel platform continues and is boosted by the rapid advances in clustering technology and the systematic removal of the bottlenecks in the network. A cheap Intel server chip on the marketplace is actually a high margin chip for Intel because of its operational efficiences. Cheaper servers plus more powerful clustering technology will probably segment the server market according to functions creating more server appliances. NTAP's success so far is an example of this shift in orientation. Currently, close to 25% of all general-purpose servers are dedicated to fileserving functions. As a result, more specialized thin storage servers such as NAS are being deployed. The disk-based NAS, however, doesn't scale very well. It eventually requires a SAN and the performance bottlenecks inherent in using electromechanical disk drives still remain as the networks become faster. At a certain threshold of network bandwidth and storage requirements, EMC's diskless NAS, where each of the 14 autonomous DataMovers in each Celerra file server effectively acts as a solid-state datacom 'switch' or high-performance computer, will become even more popular than it is now.