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

To: JDN who wrote (11541)	11/16/2000 1:14:02 PM
From: J Fieb	Read Replies (2) \| Respond to of 17183

RESEARCH ALERT-EMC Corp. initiated strong buy NEW YORK (Reuters) - Banc of America Securities said Thursday it Wu initiated coverage of EMC Corp. (NYSE:EMC - news) with a strong buy rating and a a 12-month price target of $120, calling it a core holding for technology investors. He said EMC is the world's leading provider of storage infrastructure, including storage systems, software, networking and services. ``We believe EMC will continue to drive the storage market and its evolution owing to its leading position, leading technology, mindshare and focus.'' EMC shares closed at $88-13/16 Wednesday after dipping to $75-7/16 Monday. They traded at an all-time high of $104-15/16 on Sept. 25.