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

To: Tony Viola who wrote (5424)	4/15/1999 11:31:00 AM
From: mauser96	Respond to of 17183

Toy- I use a full service broker with negotiated commissions for some of my trades. Partly this is to have a backup in case on line doesn't function, partly for research. The backup idea only works if the broker caters mainly to institutions and big accounts, and have lots of brokers and phone lines per customer. I read the facts in the research and try to ignore the opinions. If on line brokers can improve their service I would use them exclusively. I'm willing to pay more for more reliable service and research so I use Schwab. As I mentioned in my previous post, it's the perception of connection that matters, not the actual connection. Some of these traders are so quick on the draw that stocks go up or down entirely because they have similar symbols even though they are otherwise completely different. Nice to hear from you again.

To: Tony Viola who wrote (5424)	4/15/1999 11:33:00 AM
From: Tony Viola	Read Replies (2) \| Respond to of 17183

Thread, quoting myself to re-establish the thinking: I don't think EMC even sells tape drives; I found no mention of them on their web site. I'll check with a friend who has a friend at EMC. Friend says EMC makes, sells no tape drives. STK said their weak quarter was due to weak tape drive sales. Ergo, there is no connection between STK and EMC with regard to what STK blamed for their bad quarter. Friend also says IBM's contract with STK where STK sells enterprise storage boxes to IBM for IBM resale, is expiring soon and there are rumors that EMC may get the renewal. What's making it more than just speculation is that EMC recently signed up to use IBM high density, high RPM hard drives, dropping Seagate. One hand washes the other, or at least should. Tony Editing, enterprise storage boxes I mention are the same as what Stockbull called RAID boxes, code name Iceberg in his thread. If EMC does take this business away from STK, the IBM connection would get the bucks back into EMC stock. So, still, wht the downgrade from buy to hold by NMS? Valuation only?