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

To: Gus who wrote (13307)	10/12/2001 5:01:06 PM
From: John Carragher	Read Replies (1) \| Respond to of 17183

gus thanks for your input. Have a safe weekend.

To: Gus who wrote (13307)	10/13/2001 2:14:15 PM
From: VFD	Read Replies (2) \| Respond to of 17183

Gus I just came back from a 3 month trip around the U.S. and Canada and have only had a chance to read a couple of your most recent messages. A friend sent me the following remarks made (in Raging Bull)by someone who supposedly worked at EMC and was recently laid off. Do you have anything to comment on what he said?. If by any chance you have already done so, just ignore this message. I will try to read some of your other messages over the next few days. Thanks in advance. ragingbull.lycos.com I am long on EMC in hopes that software will carry them. Hardware is near commodity stage now---and we are selling the retail version--not the walmart version. I worked in hardware and can't comment on the upcoming announcement--as I beleive it to be software related. I have to be careful commenting on hardware---but I will take what has already been said and agree with it. It has been said that our architecure is becoming obsolete and the symm line has really remained unchanged since the early 90's--which is true. Symm6 is on the way---I can't say when or what it will entail---but EMC is spending on R+D heavy and there are new things in the pipline. The problem is---no matter how good it is---who is going to buy it? Not everyone can or will buy a lexus no matter how much better it gets---cost/benefit will always be looked at---especially now--not only in the current economic slump, but also now that the storage market is becoming a commodity. I am keeping my shares and buying more hoping the new hardware and software offerings will help EMC reinvent itself, and get out of this commodization. In my oppinion, cutting our prices in order gain market share was a BIG mistake. EMC will have a very hard time getting margins back --esp in hardware. As far as layoffs go my dept was hit HARD. I am assuming we took the bulk of the hit as we were manufacturing the hardware--and pray the rest of EMC was not this hard or the 2.3k that was forcast will be on the low side--big time. Once EMC reports the layoff number I will comment on the layoffs and how they were conducted. I remember an analyst saying EMC looked like a morgue on analyst day 2001--he was absolutely correct. A dark cloud has descended on EMC and cutting a huge number of great employees is going to hurt the morale even more--maybe even scar the remaining workers. That may have worked in the past for EMC to scare the sales folks into producing--but it does not work on manufacturing folks as it is more of a team sport. When I first started at EMC there were tours coming in by the bus loads of potential customers coming in to check out our mfg operations--sometimes 5-7 companies a day. I haven't seen a customer tour go through in the last 5 months. This may show that we are still selling hardware to previous customers, but as far as new customers.... We will all have to wait and see. I put my faith and nest egg in Joe Tucci and pray he will pull EMC back to it's former glory--but then again I thought the Red Sox would make the playoffs this season :^) 70 and sunny--a beautiful autumn day Anybody know any MASS tech companies hiring? Doesn't hurt to ask :^0 Have a nice weekend folks