Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: stock bull who wrote (5554)	4/16/1999 11:16:00 AM
From: VFD	Respond to of 17183

Worth rates M Ruettgers 39th out of the best 50 CEO's. Michael C. Ruettgers EMC 3-year return: 817% age: 56 ceo since: 1992 In less than a decade,Ruettgers has turned a fizzling, $232 million manufacturer of ho-hum data-storage products into a $3.9 billion high-tech powerhouse, ousting IBM from corporate technology departments. Demand for EMC's products-which store the staggering amount of data generated by Internet traffic, especially E-commerce-continues to soar. Ruettgers's challenge:to maintain EMC's lead against such scary rivals as SUN, Compaq, and Dell. Business Philosophy: Hit'em where they ain't. Focus early on overlooked, undeserved markets, aim carefully without getting distracted, then fire. "you don't have 100 percent of the data to make the right decision. When it's time to move, you take the hill." Headache: People who lack flexibility, stamina, and a sense of urgency. Management style: Call him sarge. Runs a "participatory but undemocratic" operation. Has been known, when irritated, to press his lips together so tightly they turn white. Personal strengths: Single-minded focus and tremendous command of detail, but not a micromanager, say employees. Can fall asleep on a airplane "before the wheels are up." Weak spot: "I tend to oversimplify things because I don't want to get bogged down." Other interest: Golfs. Hunts for small game in Britain. Personal goal: Wants to see his three children "all happily married with families of their own." Corporate goals: $10 billion in revenue by 2001. Would like to see EMC's market capitalization, now $59 billion, "catch up with Microsoft's." Financial reward: Takes home about $1.75 million in salary and bonus. His real payoff, though, comes in the form of more than 674,000 EMC shares, worth about $80 million.

To: stock bull who wrote (5554)	4/16/1999 12:42:00 PM
From: JRI	Respond to of 17183

Sb- I certainly agree with your comments here. I don't recall in quite some time a CEO/IR of a billion-dollar co. being as bullish (WITH SPECIFIC NUMBERS) as Ruettgers/EMC has been in...they have flat out stated that they are going to grow at 30%+ for quite some time..Given (what I would consider a normal) fudge factor, It is certainly not unrealistic to think 35-40% earnings growth is the real target here... You ain't gonna find cyclicals growing at that pace for any sustained length of time... I was impressed with IR's response yesterday, and its timeliness... All this because of one downgrade? (and a company missing earnings who really isnt a competitor)...I guess Sun Micro. mentioning Y2K is making a difference too... Unless we are getting major-league, Compaq-like snookered, this is a great buying op here...all IMO...