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

To: John Carragher who wrote (3695)	1/9/1999 9:18:00 AM
From: John Carragher	Read Replies (1) \| Respond to of 17183

A clip on emc in Barrons today A well-known beneficiary of the data explosion is EMC, a firm that sells its disc-drive arrays for mainframe computers, and in so doing, successfully competes with IBM itself. Shares in EMC nearly tripled last year on the New York Stock Exchange, recently reaching their all-time high of $95, before closing last week above $93. The Hopkinton, Massachusetts, firm's sales roared 37% to $1 billion in the quarter ended last September, with earnings of $201 million, or 38 cents a share. Last year, the amount of data stored on networked systems of personal computers and related servers surpassed that on mainframes for the first time, boasts Edward Cooper, spokesman for Palo Altobased Legato. Measured in dollars, sales of storage-management products for networks also surpassed sales of the mainframe stuff. EMC, trying to adapt to this shift, is adroitly serving up new disc arrays that can be used with personal-computer networks.