Thanks Luigi.
EMC has a different institutional base than
MCDT. Growth/Momentum accounts for 44.4% of
EMC's institutional base with 2.2 billion
shares outstanding while Growth/Momentum
accounts for 76.4% of MCDT's institutional
base with only 12.5 million shares in the
float and 110M shares outstanding. We'll
see how it plays out. There is also the
question of how the overall market will
react to Cisco's earnings report and
forward-looking guidance tomorrow. My
sense is that a high-end switch maker
like McData ($5.2B) will eventually have
similar institutional ownership as a
mid-range switch maker like Brocade
($18.8B) as the valuation gap narrows.
EMC
Style Holders $ Value % O/S Shares
Growth 605 46,555.4 40.1% 592,167,297
Value 325 17,353.3 14.9% 220,727,785
Income 67 1,254.9 1.1% 15,961,578
Index 49 21,675.2 18.7% 275,700,177
Momentum 17 5,020.2 4.3% 63,854,734
Other 448 24,318.5 20.9% 309,322,708
siliconinvestor.irchannel.com
McDATA Class B
Style Holders $ Value % O/S Shares
Growth 45 484.0 65.6% 8,426,753
Value 19 19.3 2.6% 335,280
Income 6 10.9 1.5% 190,544
Index 15 24.4 3.3% 424,460
Momentum 9 79.6 10.8% 1,385,955
Other 36 119.7 16.2% 2,084,676
12.14.65.80
Brocade
Style Holders $ Value % O/S Shares
Growth 148 9,359.1 52.9% 87,846,406
Value 70 1,115.1 6.3% 10,466,559
Income 14 148.0 0.8% 1,389,013
Index 31 1,166.7 6.6% 10,951,122
Momentum 16 2,020.0 11.4% 18,960,065
Other 106 3,897.1 22.0% 36,579,414
siliconinvestor.irchannel.com
Other
International
This style refers to those money managers
investing the majority of their equity assets
in stocks of companies domiciled outside of
North America. In most cases, the North American
portion of the portfolio is either too small or
does not exist, precluding The Carson Group
from determining an accurate investment style
based on the fundamentals of these companies.
For "Global" investors which have more
significant North American holdings, a specific
style may be given which will apply primarily
to the North American portion of the portfolio.
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