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

To: Tulvio Durand who wrote (12373)	3/2/2001 2:06:35 PM
From: Apollo	Respond to of 17183

Why is storage sector not recovering with market? You're asking the wrong guy. I'm LTB&H; I don't care specifically about today's market action. I watch for changes in sector dynamics, or for company-specific news, or for changes in company fundamentals. As long as data/information are growing by so many petabytes per year, and as long as EMC is a strong leader in storage, then I'll stick with EMC. But the daily price isn't a big deal to me. Went bottom fishing last week, picked up more EMC at $35.60. Apollo

To: Tulvio Durand who wrote (12373)	3/2/2001 2:47:41 PM
From: Tony Viola	Read Replies (2) \| Respond to of 17183

Tulvio, FWIW, got this downgrade, but they hit Sun also and Sun's up. EMC Corp (EMC) 40.59 -2.32: ABN AMRO downgrades to ADD from BUY and lowers Y01 estimate to $0.91 from $0.97 and Y02 estimate to $1.22 from $1.28; continues to believe that company's long-term prospects are bright and its competitive advantage remains intact; however, current environment will keep a lid on the shares over the near term. 13:00 -- 14:00 ET (Updated throughout the hour) Sun Microsystems (SUNW) 20 3/8 +5/16: In an intraday call, ABN AMRO downgrades to ADD from BUY and reduces FY01 estimate to $0.50 from $0.52 and FY02 estimate to $0.59 from $0.69; says vendor contacts, sales contacts and channel checks revealed a sharp decline in tech spending the last two weeks; leads them to believe there is not just a tech spending slowdown, but a temporary lockdown.