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Technology Stocks : Veritas (VRTS) -- Ignore unavailable to you. Want to Upgrade?


To: puborectalis who wrote (509)7/3/2001 6:42:37 AM
From: chojiro  Respond to of 742
 
Seems like 60 might be a tough one to break through. 80s could be in the cards, but I would have to look at that as another selling opt. until it becomes clear to me that It's too much work paddling up stream.

Good luck.

Still short from 68 1/2.



To: puborectalis who wrote (509)7/5/2001 10:52:17 AM
From: chojiro  Respond to of 742
 
So, if I may be so bold to assume you are bullish on VRTS, where do you see it trading in the next three months(give or take)?

Personally, if it can make a clean break below 60, I'm looking at the low 40s next stop. Though it may be a slow wind down there. But I have time on my side ; or so I believe.

Good luck!



To: puborectalis who wrote (509)7/5/2001 6:00:37 PM
From: chojiro  Read Replies (1) | Respond to of 742
 
EMC Warns Earnings, Sales to Fall Short

HOPKINTON, Mass. (Reuters) - Data storage giant EMC Corp.(NYSE:EMC - news) on Thursday warned that its revenues and earnings for the second quarter would fall well short of Wall Street estimates due to the global slowdown in technology spending.

EMC said it expected its second quarter revenues to be about $2 billion, and earnings per share to be in the range of 4 cents to 6 cents a share. That compared with the Wall Street consensus for earnings of 17 cents a share and revenues of $2.43 billion.

``The earnings results for EMC's major customers -- the bulk of the S&P 500, for example -- have been like a ball rolling down a hill for each of the past three quarters. When our customers earn less money, most of them have less to spend on IT, and they take a longer time to spend what they do have,'' said EMC Chief Executive Joe Tucci.