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


To: Gus who wrote (13962)3/22/2002 8:06:22 AM
From: John Carragher  Read Replies (1) | Respond to of 17183
 
EMC Hldr Grp Says SEC Backs 2 Of 3 Hldr Resolutions

DOW JONES NEWSWIRES

NEW YORK -- An EMC Corp. (EMC) shareholder group including Walden Asset Management
said the Securities and Exchange Commission supported the inclusion of two of the group's three
proposed resolutions in 2002 proxy materials.

In a press release Thursday, the shareholder group said that the SEC supported the inclusion of
proposals on the diversification of its "white male board" and on the creation of an independent
board.

The SEC allowed the exclusion of the third resolution calling for the continuation of in-person
shareolder meetings, as opposed to Internet-only.

EMC, a Hopkinton, Mass., computer storage company, has said it would consider holding online
shareholder meetings.

Officials at EMC weren't immediately available for comment late Thursday night.

According to a January report in The Boston Globe, EMC has battled with shareholders, including
the Connecticut state treasurer, over the submitted resolutions.

EMC says it has worked on making the board independent, and is open to a more diverse board,
the Globe reported.

The shareholder coalition, which held about 2.7 million of EMC's 2.2 billion shares as of January,
has criticized EMC for asking regulators for permission to omit the resolutions from its proxy
statement, the Globe reported.

Updated March 22, 2002 12:19 a.m. EST



To: Gus who wrote (13962)3/22/2002 5:49:58 PM
From: RobertHChaney  Respond to of 17183
 
Glad to hear from you again Gus!
I really appreciate your highly informative posts. Hope to see them on a regular basis again when you return.

Thanks,

Robert H. Chaney



To: Gus who wrote (13962)4/6/2002 10:15:22 AM
From: VFD  Read Replies (2) | Respond to of 17183
 
GUS,

I just came back from one of my extended trips (I have been away for 2 months) and to my surprise, with earnings coming up there were no postings from you in the last couple of weeks.
Are you still out of the country or have you given up on EMC?.
What I get from some of the most recent messages posted here is that things are not looking good. It amazes me how deep EMC has fallen after what seems like years ago when it could do no wrong.
Quite frankly I am beginning to have my doubts. In my 21 years of investing I do not remember owning a stock that has fallen so fast in such a short period of time.
Time will tell. I have 4 more years to find out if my doubts are founded. I hope I am wrong.