Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Gus who wrote (14274)	5/29/2002 3:02:16 PM
From: Elmer Flugum	Read Replies (1) \| Respond to of 17183

Thanks Gus. You seem to know quite a bit about the storage industry and I have learned much from your posts and links... len

To: Gus who wrote (14274)	6/6/2002 12:51:26 PM
From: Proud_Infidel	Respond to of 17183

EMC Sees Single-Digit Sequential Revenue Growth NEW YORK (Reuters) - EMC Corp.(NYSE:EMC - News), the world's largest maker of data storage systems, on Thursday called for single-digit sequential revenue growth in the second quarter, dashing any lingering hopes that the market might pull out of its gloomy state sooner rather than later. "IT budgets remain closely scrutinized and customers continue to exert conservative capital spending strategies," Bill Teuber, EMC's chief financial officer, said in reference to information technology spending by corporations. Teuber, who gave the outlook during an analyst meeting in New York, said EMC is comfortable with Wall Street's current consensus profit estimates for the second quarter. Analysts have Hopkinton, Massachusetts-based EMC reporting a loss of 2 cents a share. Teuber added that he expects EMC's software revenues to account for 30 percent of the company's overall revenues by the second half of 2004.