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

To: Lynn who wrote (3697)	1/9/1999 10:45:00 AM
From: dreydoc	Read Replies (1) \| Respond to of 17183

>>EMC TimeFinder™, a unique software that resides on the host/server and Symmetrix systems, allows systems and storage administrators to create, in background mode, independently addressable copies of data for mainframe, UNIX and Windows NT information storage. << This product suggests an important part of the strategic direction for EMC with sophisticated software products. I recall they have been publicly positioning themselves as an evolving software company with major growth in business lines coming from R&D here. Also to note, the Timefinder product requires that customers roughly double up on their disk drives and/or Symmetrix units - nice double for EMC. You can run your production data in full mirrored array's while using simplex or their RAID S config for test/backup etc. dd

To: Lynn who wrote (3697)	1/10/1999 4:43:00 PM
From: Beltropolis Boy	Read Replies (1) \| Respond to of 17183

EMC briefly cited in today's ny times. an excerpt ... ----- January 10, 1999 Who Found a 4th-Quarter Feast By CAROLE GOULD Rebounding from the nasty summer selloff, managers of United States diversified stock funds breathed a sigh of relief in the fourth quarter. On average, their funds returned a gratifying 18.8 percent. The strong close pulled their average returns up to 15.1 percent for 1998, though that was still far behind the 24 percent of 1997. But the top-performing equity managers whistled an even happier tune, with quarterly returns of up to 70 percent. Here, four winners for the quarter look back at what made them such standouts -- and offer a glance ahead. . . . The third-quarter turmoil spelled fourth-quarter opportunity for Frederick R. Kobrick, who runs the $41.4 million Kobrick Capital fund, formerly Kobrick-Cendant Capital. He found much value in 1998, the fund's first year of operation, as stocks were periodically beaten down. The fund, which owns 65 stocks, returned 40.3 percent for the quarter, placing 13th among United States diversified stock funds. "When financials were chewed up in late summer, we bought a lot of banks and brokerages," which accounted for about 20 percent of the fund at the peak, he said. Kobrick made money with Chase Manhattan, which he bought in early October at $40 a share. It finished the year at $71. He likes the company for its diversified income sources. "Chase does banking around the world and is expanding rapidly in Europe as it embraces the euro," Kobrick said. He expects per-share earnings growth of 30 percent in 1999. Among his other fourth-quarter winners was the EMC Corp., which he called the leader in mass data storage. "Management is brilliant, and the company is run conservatively, so they usually beat earnings estimates," Kobrick said. He called EMC "a great long-term growth company" and expects EMC's stock price and sales to double in the next two and a half years. He sees a 40 percent increase in per-share earnings in 1999. Kobrick said he was optimistic about 1999. "Profits will be better than the consensus thinks," he said. nytimes.com