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To: Galirayo who wrote (15709)2/27/2006 4:29:09 PM
From: Galirayo  Respond to of 23958
 
[EMC] EMC To Redeem $125 Million Senior Convertible Notes
Monday February 27, 9:21 am ET

HOPKINTON, Mass.--(BUSINESS WIRE)--Feb. 27, 2006--EMC Corporation (NYSE:EMC - News), the world leader in information management and storage, today announced that it intends to redeem the $125 million 4.5% Senior Convertible Notes due April 1, 2007 it assumed in connection with the acquisition of Documentum, Inc. in December 2003. The notes will be redeemed on or after April 3, 2006 at a price equal to 100.9% of the face value of the notes, plus accrued but unpaid interest.
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About EMC

EMC Corporation (NYSE: EMC - News) is the world leader in products, services and solutions for information management and storage that help organizations extract the maximum value from their information, at the lowest total cost, across every point in the information lifecycle. Information about EMC's products and services can be found at www.EMC.com.

Contact:
EMC Corporation
Anne Pace, 508-293-7932
pace_anne@emc.com

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Source: EMC Corporation

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UBS Investment Research analyst Benjamin Reitzes maintained a "buy" rating and $17 price target on EMC, citing solid storage fundamentals and a compelling valuation.

"We believe that it is arguable that EMC’s storage and software businesses are underappreciated," wrote Reitzes in a report Monday.

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To: Galirayo who wrote (15709)2/27/2006 5:13:37 PM
From: Jibacoa  Read Replies (1) | Respond to of 23958
 
EMC traded at 14.25 at from 3.35 to 3.38PM and that was 2 pennies above its Jan.6 intraday H of 14.23 Of course that day it closed at 13.73 (below the Jan.4-Jan.5 double top at 14.10)

bigcharts.marketwatch.com

Today things look different since it closed not too far from its H (making a smaller shadow on your chart.<g>)

I think it has a good chance for even better performance tomorrow.Today's volume of 23,683,800 was relatively modest.Of course the important thing is for it to be able to close above the Dec.6 H at 14.55 since the Jun.17 H at 14.88 & the Jan.7 2005 at 15.09 are not that far away.<g>

The VUEAV (Jan.2007 at 12.50) don't look bad.<g>