Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Bill Fischofer who wrote (11349)	10/10/2000 9:45:21 AM
From: JDN	Respond to of 17183

Dear Bill: Well one or the other, I own nearly equal amounts of both now. (gg) I didnt know medical images couldnt be compressed, that is REALLY going to BLOW UP the storage requirements. haha. JDN

To: Bill Fischofer who wrote (11349)	10/10/2000 4:17:41 PM
From: Gus	Read Replies (1) \| Respond to of 17183

On another note, Lucent just warned.....again! Lucent Technologies Comments On Expectations For Fourth Fiscal Quarter 2000 Earnings MURRAY HILL, N.J., Oct. 10 /PRNewswire/ -- Lucent Technologies (NYSE: LU - news) said today that, based on preliminary estimates, it expects earnings for its fourth fiscal quarter of 2000 to be lower than the company's previously announced guidance. The company expects pro forma earnings per share from continuing operations(1) for the quarter, which ended September 30, 2000, to be in the range of 17 cents to 18 cents per share compared to 24 cents for the year-ago quarter. The company expects to report pro forma revenues from continuing operations in the range of $9.3 billion to $9.4 billion for the quarter, a 14 percent to 15 percent increase over the prior year period. In July, the company said it expected that pro forma revenues from continuing operations would grow about 15 percent for the fourth fiscal quarter of 2000 and pro forma earnings per share from continuing operations would be roughly in line with revenue growth. The company said the lower-than-expected earnings for the quarter could be almost equally attributed to three factors: -- Less than expected revenues and gross margins in the company's optical systems business; -- Credit concerns in the emerging service provider market that led to increasing reserves for bad debt; -- Greater than anticipated decline in circuit switching sales and margins. The company indicated that gross margin this quarter would be in the range of 39 percent to 40 percent. For the quarter, the company indicated that while it had strong overall growth in the wireless business, it would report flat growth primarily due to a comparison related to a major foreign contract in the year-ago quarter.... Revenues from optical networking systems, including optical fiber, were down about 5 percent and switching systems were down about 13 percent. However, Lucent saw strong revenue growth in several areas. The company's Microelectronics and Communications Technologies group's revenues grew more than 50 percent for the quarter. In addition, revenues in the Internet infrastructure business grew more than 40 percent for the quarter. This marks the fourth quarter in a row that this business showed growth over 40 percent. Lucent's services business grew about 18 percent for the quarter. Fiscal 2000 results The company indicated that the expected fourth quarter revenue and earnings would result in an increase in fiscal year 2000 pro forma revenue from continuing operations of approximately 14 percent and a decline in pro forma earnings per share from continuing operations of approximately 10 percent to 11 percent. Lucent said that its fourth quarter results will impact and lower its guidance for fiscal year 2001.

To: Bill Fischofer who wrote (11349)	10/11/2000 8:17:19 AM
From: Proud_Infidel	Read Replies (3) \| Respond to of 17183

EMC expects strong Asian demand LYDIA ZAJC -------------------------------------------------------------------------------- EMC Computer Systems, part of the world's biggest data storage firm, is looking forward to strong demand for its products in the Asia-Pacific region. "In the year 2000, we'll have brought on hundreds of new customers," predicted Sean Kerins, director of marketing, sales and operations for the Asia-Pacific region. Kerins, who flew in from Singapore this week to speak at a conference and make client rounds, declined to say how many clients the company has now. EMC Computer Systems consolidates a client's information by connecting all sorts of Unix applications to desktop computers and other systems with its "platform-agnostic" software. Parent EMC, based in the United States and listed on Nasdaq, is also expanding rapidly, serving mostly clients in the financial services sector. But sales in the Asia-Pacific region are increasing the quickest of all. "We are growing more dramatically here in Asia-Pac than anywhere else," Kerins added. In the second quarter, the Asia-Pacific region posted growth of 111 per cent on a year-over-year basis. Electronic data storage will grow to a US$50-billion annual business worldwide within two years, with the biggest demand coming from Asia, EMC Computer Systems said. Over the last 18 months, the company has doubled its staff to 1,800 members, Kerins said. "We're hiring at a pretty busy clip." EMC Computer Systems, which already counts HSBC, the Hong Kong Jockey Club, and Pacific Century CyberWorks among its clients, plans to keep adding them at a fast pace. "If we take on hundreds this year, we'll take on three figures next year," Kerins said.