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

To: Tony Viola who wrote (10659)	7/19/2000 2:06:10 PM
From: Lynn	Respond to of 17183

Dear Tony and thread: Here's what ML wrote on EMC in their, "Tech Bits & Bytes," this morning then basically repeated in their, "Intra-Day Special Note: EMC, INCY, HSP, SBSA:" EMC Corp (EMC, $78 9/16, B-1-1-9) New Product Cycle Drives Big Upside (Steve Milunovich 212-449-2047) • Revenue increased 30% to $2.15bil compared with our 24% forecast while EPS was $0.19 versus our $0.17 forecast. The new Symmetrix 8000 shipped in volume, generating $500mm of sales. Overall storage growth was 43%, including a 96% gain in software and an improvement to 30% growth for CLARiiON. • We think his report should put to rest any near-term concerns about competition hurting EMC. HP is just now back to last year’s storage run rate, Sun is playing catch-up, and IBM Shark features may be further delayed. Storage is hot, and EMC is the market leader. Our price objective is $100 per share. [end of ML quote] Regards, Lynn, hopefully over the 6 weeks of phone lines/modem problems P.S. I just saw that geek comment. Consider it a compliment, Tony!