Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Lynn who wrote (4050)	1/26/1999 4:36:00 PM
From: William F. Wager, Jr.	Read Replies (1) \| Respond to of 17183

<<CEO on CNBC>>..EMC Executive Says Business To Resume Clip Later In Yr NEW YORK (Dow Jones)--While EMC Corp.'s (EMC) business may slow down slightly at the start of 1999, Chief Executive Michael Ruettgers expects business to resume a quick clip in the second half of the year. In an interview with CNBC Tuesday, Ruettgers said, "Expect a carbon copy of 1998." The Hopkinton, Mass., firm reported earlier Tuesday fourth-quarter earnings of 48 cents a share, beating both year-ago levels of 32 cents and Wall Street's estimate of 46 cents. EMC posted $1.2 billion in revenue, up from $873.4 million a year ago. The company, which provides enterprise storage systems, software and services, boasts seven consecutive quarters with both revenue and net income growth of more than 30%, on a year-to-year basis. Revenue from software grew about 150% in the fourth quarter compared with year-ago levels, Ruettgers said, adding "we're the fastest growing major software company." -Jessica Madore Fitch; 201-938-5172