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

To: Tony Viola who wrote (5445)	4/15/1999 11:35:00 AM
From: SDR-SI	Read Replies (3) \| Respond to of 17183

Tony: Can you point me to the reference that noted that EMC has dropped Seagate as a supplier of drives?? TIA Steve

To: Tony Viola who wrote (5445)	4/15/1999 12:10:00 PM
From: Ibexx	Respond to of 17183

Tony and thread, Not sure if the following has been posted yet: ____ 4/15/99 - IBM, EMC ANNOUNCE $US3BLN TECHNOLOGY, BUSINESS ALLIANCE KUALA LUMPUR, Apr 15, 1999 (Asia Pulse via COMTEX) -- IBM and the EMC Corporation had announced a five-year strategic technology and business alliance valued at US$3 billion. In a statement released here today, EMC said the alliance, which significantly expanded the existing business relationship between the two industry leaders, would result in major benefits for many of IBM's and EMC's mutual customers. Under the terms of the accord, EMC would continue to purchase advanced IBM disk drives for incorporation into its Symmetrix Enterprise Storage systems. The alliance also provides for a broad patent cross-licence between the two companies for storage and other technologies. In addition, the companies agred to work together to further develop mutually beneficial business opportunities. The EMC Corporation, a Fortune 500 company based in Hopkinton, Massachusetts, is the world's leading supplier of intelligent enterprise storage systems and software for mainframe and open systems environments. It's a shame good news like this got buried..... Ibexx