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To: Charles Tutt who wrote (45452)	9/20/2001 10:29:52 PM
From: Just_Observing	Respond to of 64865

EMC Warns, Cuts Staff - "The business world is simply covered in a blanket of hesitation" September 20, 2001: 8:28 p.m. ET NEW YORK (CNNfn) - EMC Corp. said on Thursday it plans to eliminate more than 2,000 jobs and warned that its third-quarter earnings will be lower than anticipated due to a drastic slowdown in technology spending. EMC, the world's biggest data-storage systems maker, said it would report a third quarter loss instead of the profit Wall Street had expected as it copes with a widening recession in technology spending. "The business world is simply covered in a blanket of hesitation," said Joe Tucci, EMC's president and chief executive. "This will likely be the first of many in the tech sector to warn," said Crowell Weedon analyst James Ragan, who tied the news in part to last week's hijackings which paralyzed much of the U.S. economy More at: cnnfn.cnn.com