Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: BWAC who wrote (51846)	9/10/2001 3:21:27 PM
From: michael97123	Read Replies (1) \| Respond to of 70976

Bwac, That plant would only happen if shorts wanted out. Isnt it coincidental that GS downgrades the stock today as well. I hate to sound so paranoid but after i printed the news you folks picked up on what happened. 40 minutes to go. It would be nice to see the bastards get creamed today. They came to market today expecting a collapse. We shall see. mike

To: BWAC who wrote (51846)	9/10/2001 3:22:20 PM
From: michael97123	Read Replies (1) \| Respond to of 70976

day September 10, 3:16 pm Eastern Time Nextel Partners reaffirms Q3 guidance KIRKLAND, Wash., Sept 10 (Reuters) - Nextel Partners Inc. (NasdaqNM:NXTP - news), which provides digital wireless communications service, on Monday said it was on track to meet or exceed expectations for the third quarter. The company said it would meet or exceed expectations of 73,000 net subscriber additions, a customer turnover rate of 1.9 percent or lower and EBITDA (earnings before interest, taxes, depreciation and amortization) loss of about $22 million. Nextel Partners said it was also on track with its network build-out plan to cover about 33 million customers by the end of the year. Shares of Nextel Partners rose 5 cents to $8.95 on Nasdaq in late afternoon trade.

To: BWAC who wrote (51846)	9/10/2001 3:23:03 PM
From: michael97123	Read Replies (1) \| Respond to of 70976

Monday September 10, 3:14 pm Eastern Time EMC sees opportunity as result of HP-Compaq merger By Tim McLaughlin BOSTON, Sept 10 (Reuters) - EMC Corp. (NYSE:EMC - news) on Monday unveiled souped up models of its flagship data-storage device and said it hopes to win new business due to any disruption resulting from the merger of rival Compaq Computer Corp. and Hewlett-Packard Co. ADVERTISEMENT ``I believe that focus pays off,'' EMC Chief Executive Joe Tucci told Reuters after introducing three new models of the firm's Symmetrix device. "Of course what happens in any merger, especially the kind of merger of equals like this, it just creates a lot disruption. ``I absolutely believe it gives us an opportunity in our chosen marketplace,'' Tucci said. After a decade of spectacular growth, Hopkinton, Massachusetts-based EMC, the No. 1 data storage firm, is battling an economic slowdown and price cuts by rivals which hope to dislodge EMC's market share. Hewlett-Packard (NYSE:HWP - news) used to be an important EMC partner before striking a deal with Hitachi Data Systems in 1999 to sell Hitachi's storage hardware. Compaq (NYSE:CPQ - news) last year ranked a distant second behind EMC with 10.8 percent of the market for external data-storage devices. EMC captured 34.6 percent of the nearly $17 billion market for external data-storage equipment in 2000, exceeding the combined market share of its four closest rivals. But that is little consolation for EMC stockholders. EMC's stock is off about 80 percent this year and sank to a three-year low of $12.80 on Monday in early-morning trade on the New York Stock Exchange. The stock rebounded 62 cents, or 4.65 percent, to $13.95 in afternoon trade. EMC has declined to give any financial forecast for the current third quarter. In the second quarter, EMC's profit dropped 75 percent and revenue from information storage systems fell 19 percent. Tucci, however, said he is not tuning the company for short-term results. With nearly $5 billion in cash and no debt, EMC is bent on building its sales force, keeping customers happy and developing new hardware and software products. "We'rex Du Du The new versions of the refrigerator-sized Symmetrix machines aim to help EMC customers clean up data centers that were built during the Internet frenzy of 1999 and 2000. During that rapid growth of Internet initiatives, Tucci said some customers sacrificed precision for speed. Now, data-storage customers want to consolidate their data centers and lower their overall costs. ``Every dollar spent is being examined and re-examined,'' Tucci said during a conference call and Webcast. EMC also is examining its own costs. While Tucci hopes to keep EMC's work force at about 23,000 people, he said reductions would be made if the economy sinks into a full-blown recession. ``We're telling employees if things got really ugly in the economy and it looks like a full-blown recession, and it looks like this is going to go on for an extended period time, we would have to take further action,'' Tucci said.