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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: Oral Roberts who wrote (39557)	5/14/2003 9:07:14 AM
From: AugustWest	Read Replies (1) \| Respond to of 57110

(REUTERS) RESEARCH ALERT-First Albany raises EMC rating to "neutral" NEW YORK, May 14 (Reuters) - First Albany on Wednesday said it raised its investment rating for data storage maker EMC Corp. <EMC.N> to "neutral" from "underperform." "We continue to believe EMC is dramatically overpriced for its fundamental business model," said analyst Mark Kelleher in a research note. "However, we believe the valuation has separated from fundamentals, similar to the stock movement in 2001-02. Without a negative catalyst, there is no reason the valuation could not continue to inflate," he said. EMC stock closed at $10.10 on the New York Stock Exchange on Tuesday. ((Reporting by Per Jebsen, editing by Walker Simon; Reuters Messaging: per.jebsen.reuters.com@reuters.net; 646-223-6152)) REUTERS * end of story *