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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (34500)	2/27/2002 6:51:46 PM
From: Sully-	Respond to of 99280

Two in one day? Grub hog -g- :-\

To: Zeev Hed who wrote (34500)	2/27/2002 7:37:53 PM
From: Dave Gore	Respond to of 99280

EMC PRESENTATION (also GNSS) --- EMC PRESENTATION --- Generally positive with no major surprises. Debt low now, margins up, revenues up last quarter. Company spent $900M in R&D last year to make sure they create new products that customers want. They will spend $800M this year. EMC also said they had their highest customer rating in history last quarter. Overall things look to be improving, but not spectacularly so. On the other hand its hard to be too critical when the stock is at the low end of its trading range. It was just over $18 not long ago and things have certainly not gotten worse in the last two or three weeks. Hard to find anybody that is rushing to buy the stock today, but it certainly appears to have double bottomed here or perhaps triple bottomed depending on your point of view. The whole sector was weak on Wednesday, maybe it will be up again soon, as this massive pullback in prices to chart support may have created a buying opportunity. Stockconsultant.com says there is triple strength at 11.26 +/- and some resistance at 12.90. PS-- Recently EMC went from $11 to $18 and now is testing the $11 area again. So far it has held again. Like many stocks it seems to trade within a pretty defined range. Odds are for an upside move much more than a down on, if you play the odds. GNSS - C.C. apparently went terrible. They skirted questions and argued a bit with one or two analysts. They also guided fine for March but sequentially down for June's quarter. Stock not reacting well.