SI
SI
discoversearch

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: Road Walker who wrote (12605)4/19/2001 8:24:06 AM
From: hdl  Read Replies (1) | Respond to of 17183
 
Explore Personal Finance Main Quotes Business News Stocks Mutual Funds Planning Real Estate Banking & Loans My Accounts Boards Contests Live Events Calendars





search cnnfn the web

stock quote

track your stocks




NEWS
deals & debuts
technology
companies
CEOs
economy
industrywatch
company search
financial news in brief
CNN.com
MARKETS
track your stocks
bonds & rates
earnings estimates
ipos
us markets
widely held stocks
investor research center
a.m. market call
p.m. market call
world markets
currencies
commodities
tech stocks
wall street research
morningstar fund report
WORLD BUSINESS
europe
technology
weekly calendar
asia
emerging markets
ADRs
PERSONAL FINANCE
retirement planning
mutual funds
consumer
investing
tips & tools
SMALL BUSINESS

SERVICES
broker center
bond center
travel center

fn DELIVERY OPTIONS
eye opener
market briefing
purchase fn video

CNNfn on TV
program schedule
watch cnnfn video

SITE INDEX

Search







News: Technology



Top Stories
Wall St. seeks encore

Ford tops 1Q forecasts

UPS profit down in 1Q

Xerox 1Q loss below target

more

ADVERTISEMENT click here



Top Stories
China, U.S. make progress in talks

Wall Street seeks encore

Clashes follow Israeli incursions

Endeavour ready for afternoon launch

more

Top Stories
Kings rally from late 3-0 deficit, shock Red Wings

Wizards' Hamilton resigns after 19-63 season

501 blues: Dodgers done in by Bonds again

Red Sox's 9-run 8th spoils McRae's Rays debut

more




EMC meets lower forecast

Data storage firm's profit and revenue fall in line with reduced expectations

April 19, 2001: 8:03 a.m. ET

BOSTON (Reuters) - EMC Corp., the No. 1 data-storage firm, said Thursday that first-quarter revenue and profit met its sharply lowered expectations as the company works to overcome weaker demand for machines that store digital information.

But EMC now is on track to miss its long-stated goal of generating $12 billion in revenue this year, undercutting its previous claims that its storage business is insulated from a slowing economy.

The company also confirmed Thursday it has replaced its top sales executive for the third time in two years.

EMC said first-quarter earnings rose 20 percent to $399 million, or 18 cents a diluted share, from $332 million, or 15 cents a diluted share, in the year-earlier period. Analysts polled by First Call expected earnings of 18 cents a share.

Total consolidated revenue rose 29 percent to $2.34 billion. Total information storage revenue, the mainstay of its business, grew 37 percent to $2.26 billion compared with the year-earlier period.

Hopkinton, Mass.-based EMC lowered expectations April 11, saying earnings would miss forecasts by 10 percent, while generating 29 percent revenue growth.

EMC (EMC: Research, Estimates) shares closed up $4.90 to $36.66 Wednesday. The stock is off about 45 percent this year, under-performing the 6 percent drop in the S&P 500 Index.

stories
EMC to miss 1Q forecasts - April 11, 2001
sites
EMC








Copyright © 2001 CNN America, Inc.
An AOL Time Warner Company
ALL RIGHTS RESERVED.
Terms under which this service is provided to you.
privacy policy



To: Road Walker who wrote (12605)4/19/2001 10:12:49 AM
From: JDN  Respond to of 17183
 
Dear John: WOW, that's all I can say!! I had a buy order in at $24.50 hoping to STEAL some more. It got down to about $25 but never hit my order price. Thats what I get for being "cheap"!! JDN