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

To: SJS who wrote (4026)	1/26/1999 9:11:00 AM
From: bob gauthier	Read Replies (1) \| Respond to of 17183

EMC net beats expectations as profit margins swell HOPKINTON, Mass., Jan 26 (Reuters) - EMC Corp. (NYSE:EMC - news), the leading maker of corporate data storage equipment, on Tuesday reported sharply higher fourth-quarter earnings and revenues, edging ahead of expectations, amid surging growth in software and networked data storage and strong profit margin growth. EMC said net income for the fourth quarter was a record $256 million, or 48 cents per diluted share, up 54 percent in net terms from the $166 million, or 32 cents per diluted share, recorded in the fourth quarter of 1997. The analysts' consensus for the latest quarter had been 46 cents per share according to First Call, which compiles brokerage estimates.