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

To: Jimbo who wrote (4801)	3/10/1999 8:12:00 AM
From: John Carragher	Read Replies (2) \| Respond to of 17183

wsj dart board picks vs pros newcomer picks emc joining Messrs. Wapnick and Pender for the coming six months are H. Park Duncan of Hovey, Youngman Associates, an investment management firm in New York, and Mark Small, research strategist for D.A. Davidson, a regional brokerage firm in Great Falls, Mont. Newcomer Mr. Duncan is going with EMC Corp., a data-storage hardware and software company in Hopkinton, Mass. "The surging importance of information technology, the Internet and electronic commerce means that reams of critical data are being generated every day," he says. "Data management is critical." He says EMC has about a third of a market that is nearly doubling every year, and its earnings are expected to grow at an annual rate of about 35% for the next few years. Although the stock was trading at $114.0625 late Tuesday on the New York Stock Exchange, he says "it's an attractive valuation based on the strength of their position in the market."