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

To: dennis michael patterson who wrote (4362)	2/14/1999 2:39:00 PM
From: Gary	Read Replies (2) \| Respond to of 17183

Agreed, it has a very strong Relative Performance line. My concern over the short term be it 2 weeks or 3 months is a drop in the DOW and the broader market. EMC could be caught in a down current but I don't believe its' drop would be as severe as what the broader market could be. After all if they meet earnings forcasts as they have done to date the current price would reflect a 45 times earnings multiple. This is historically high but as far as I know they have more often beat street estimates and now they are getting into selling high G.P. software. There is a possibility that the current price could reflect a multiple of about 35 (on 1999 earnings)if things went well for them.And they have a good chance of things going very well.