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To: techanalyst1 who wrote (14198)	10/3/2002 4:52:28 PM
From: stockman_scott	Respond to of 57684

16:26 ET EMC EMC Corp cuts Q3 forecast, will buy back up to 250 mln shares (5.01 halted ) -- Update -- Company expects to report total revenue of approximately $1.25 billion, and a loss of $0.02 per share for the third quarter -- Multex consensus estimates are $ 1.4 billion and a net loss of $0.01 per share; says IT spending environment remains "brutal".

To: techanalyst1 who wrote (14198)	10/3/2002 6:53:52 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 57684

Its hardware, chips and stuff. We haven't seen it in software YET, software is the same as last month... just flat no recovery but no falloff either. I'm not sure if there will be a correlation between harware and software here, either. The amazing thing is what Dell is managing to achieve in this climate. BTW I'm only a silicon valley housing super-bear. I don't know about the rest of the country but one thing is for sure.... we have the stupidest RE agents (buy NOW before things expode to the upside again... yadda yadda) L