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

To: Simon who wrote (13113)	9/8/2001 6:21:14 PM
From: Gus	Respond to of 17183

Sure, overpriced like practically every technology company considering the state of global IT demand. At the start of the year, IBM estimated that the global IT market -- hardware, software, services -- was going to be around $1.5T in CY2001. Mid-year, they revised this to around $1.3T to reflect the slowdown in IT spending that started in the US and was starting to spread around the world in a rare, synchronized fashion. IBM's estimates are useful here because they generate the majority of its $90B in revenue from international markets -- 57% as of 2Q2001. The evaporation of around $200B in IT revenue has not spared anybody. Storage and some parts of software (CRM, E-Business, SCM) were among the last sectors to feel the IT budget cuts and are expected to be among the first sectors to recover as the global economy finds equilibrium and rebuilds.