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To: Sig who wrote (10266)1/6/2003 4:45:32 PM
From: stockman_scott  Respond to of 13815
 
DELL's storage partner EMC guiding higher after the bell...

4:19pm 01/06/03

EMC raises fourth-quarter earnings estimates

By Rex Crum

EMC (EMC) on Tuesday raised its fourth-quarter earnings outlook, and now expects to report a slight pro-forma profit for the period ending Dec. 31, 2002. EMC said it expects to earn 1 cent to 2 cents a share on revenue of $1.47 billion. Analysts surveyed by Thomson First Call estimated EMC would report a loss of 2 cents a share. The results excluded a previously announced charge of $160 million related to workforce reductions and consolidation of facilities. Including the charge, EMC's net loss for the fourth quarter is expected to be between 2 cents and 4 cents a share when it delivers its complete fourth-quarter results on Jan. 23.