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: Elmer Flugum who wrote (14276)	5/30/2002 9:41:37 AM
From: jad	Respond to of 17183

Previewing EMC, BRCD Analyst Days from Lehman Bros. We expect next week to be a major marketing week in the storage industry, particularly given BRCD's conference/analyst day and EMC's analyst day. We would note that valuation metrics for both companies are becoming more compelling, but while we expect year-over-year comparisons to become more favorable in 2H02, we have not yet seen signs of significant changes in end-user demand. At next week's BRCD conference and analyst day, we would expect the tone regarding near-term fundamentals to be positive. However, since only one month has been completed in the current quarter, management's visibility on meeting guidance will likely be limited. Look for the company to highlight its competitive positioning, growth in its software business, the progress of its SilkWorm 12000 launch and long term initiatives. We do not expect EMC to signal a fundamental change in near-term demand. Look for the meeting to focus on showing the path back to profitability as well as on long-term strategic plans, both from a financial and product development perspective. In the first quarter, revenue from the pure play public storage companies were, in total, down 4.5% sequentially and down 6.9% year-over-year. We would expect this group to post flat-to-up sequential revenues in 2Q02, and in 3Q02 we look for positive year-over-year growth.