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

To: VFD who wrote (3383)	12/14/1998 8:12:00 PM
From: Ted The Technician	Respond to of 17183

EMC seen as 'top pick' in data storage By Tiare Rath & Janet Haney, CBS MarketWatch Last Update: 7:49 PM ET Dec 14, 1998 Hardware stocks Silicon stocks Data-storage specialist EMC (EMC) shares are poised for a 30 percent increase in the coming year, Donaldson, Lufkin & Jenrette said Monday in naming the stock a "top pick." DLJ called for a 12-month price target of $110 and estimated the company would earn $1.45 a share this year and $1.95 in 1999. DLJ sees the company making $2.45 a share in 2000. The investment firms said it sees demand increasing 30 percent over the next three years for the data storage industry.EMC's growth rate has been better than 30 percent in each of the past six quarters, DLJ noted in a research report. Its gross margin also increased to 52 percent from 44 percent over the past two-year period. Shares of EMC dropped 3 13/16 to 78 before the DLJ report came out.