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To: mattie who wrote (20516)	4/15/1999 4:34:00 PM
From: Clint E.	Read Replies (1) \| Respond to of 68076

I just saw this on EMC. If Montgomery is polling the same "corp customers" who late last year expected to spend Mega box on H/W upgrade during H1/99, EMC should be OK as a long-term investment. EMC management has been trustworthy in the past and I would find it difficult to believe that they would stick their neck out if they didn't believe in what they were saying. The only question is whether the stock is fully valued at 115. ============ Thursday April 15, 1:56 pm Eastern Time EMC reiterates 1999 optimism after stock downgrade NEW YORK, April 15 (Reuters) - EMC Corp. (NYSE:EMC - news), the top supplier of corporate data storage equipment, repeated Thursday that it expects 1999 earnings and revenue growth of more than 30 percent, after a brokerage firm lowered its rating on the stock. EMC shares fell as much as $12.8125, or 10 percent, to $112.25 in early afternoon trade on the New York Stock Exchange, after NationsBanc Montgomery Securities published a survey of corporate customers showing slack demand for data storage. NationsBanc Montgomery on Thursday downgraded shares of several computer storage companies, including EMC and advised against further purchases of EMC shares. Hopkinton, Mass.-based EMC cited its own recent customer survey to counter the report by the brokerage firm. The company said its survey indicated that enterprise storage spending will remain strong throughout 1999, adding that it continually surveys customers regarding future spending intentions and satisfaction with EMC products and services. Its latest survey included more than 250 customers and was conducted during the first quarter of 1999. The drop in EMC shares also followed a warning earlier Thursday by Storage Technology Corp. (NYSE:STK - news), a struggling rival, which said Thursday that slower sales of its more profitable products would cause first-quarter earnings to miss Wall Street expectations by a dramatic margin. That announcement prompted Storage Technology shares to plunge as much as $8.25, or 32 percent, to $17.8125, in trade on the NYSE. =====================