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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: debby who wrote (38630)	4/11/2001 10:30:29 AM
From: Jerry Olson	Respond to of 50167

11-Apr-01 10:28 ET EMC Corp (EMC) 34.10 -0.30: -- Update -- Stock retreats after strong opening; Wit SoundView says that EMC is in denial with its statement that the slowing economy was the only factor that has impacted them; Wit sees EMC losing market share to Hitachi and facing aggressive pricing environment. Wit is dumbfounded by EMC's comments that it was seeing budget issues in Jan/Feb in the US, spreading to Europe by March -- only two weeks ago the Chairman was still talking about 35% revenue growth for 2001 and now it's growth in the low 20s. Wit sees stock falling to the low-mid 20s