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

To: Gus who wrote (13344)	10/18/2001 10:23:04 AM
From: Mario	Read Replies (2) \| Respond to of 17183

Gus what about the server side of the Data General acquisition EMC received, I can't think of the name but it started with an "A". I believe they had to keep it for 2 years which should be coming up if it is not already passed. Do you think they will sell that off or is it adding value? Mario

To: Gus who wrote (13344)	10/18/2001 12:48:06 PM
From: Proud_Infidel	Respond to of 17183

RESEARCH ALERT-EMC EPS views cut NEW YORK, Oct 18 (Reuters) - Credit Suisse First Boston said analyst Amit Chopra cut his outlook for earnings per share from data storage systems maker EMC Corp. (NYSE:EMC - news) on Thursday. In a report, he cut his estimate for 2001 earnings per share to 3 cents from 15 cents. He cut his outlook for 2002 earnings per share to a loss of 5 cents from a profit of 22 cents. EMC reported its first quarterly loss in 12 years on Wednesday. The company posted an $825 million restructuring charge and said it did not expect to turn a profit until the second half of 2002. Chopra called the third quarter ``dismal.'' ``Because of its lack of operating leverage, EMC will likely operate in the red until some time toward the end of next year,'' he said. EMC shares were off 6 cents at $11.15 in early New York Stock Exchange trading.

To: Gus who wrote (13344)	10/18/2001 7:23:47 PM
From: Proud_Infidel	Read Replies (1) \| Respond to of 17183

FWIW....not much, especially after it's already gone through a 90 point haircut: 10/18/01 AG Edwards EMC Corp downgraded from Strong Buy to Hold at AG Edwards Briefing.com 10/18/01 Bear Stearns EMC Corp downgraded from Buy to Neutral at Bear Stearns Briefing.com