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Technology Stocks : EMC How high can it go? -- Ignore unavailable to you. Want to Upgrade?

To: Jerryco who wrote (3128)	10/9/1998 12:44:00 PM
From: SJS	Respond to of 17183

Nice, but no cigar. That's the past bullish scenerio. Historical data. In the bearish one, more in line with current thinking, IT spending cuts slow all infrastructure equipment, like networks, routers, enterprise storage, etc. Seen the big layoffs at Citigroup, Gilette, Raytheon? More are coming and corporations would rather cut IT discertionary money than people. It will be harder to sell this high-end IT gear, although it will get sold for truly needing and rapidly growing companies. EMC will not get their 30% plus/year growth. They will have to revise it downward. Just hope it maybe 20 or 25%. The stock says that now. The market for their products is getting smaller for the time being, too. It will expand, but the rest of the world's in pretty bad shape...