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

To: dennis michael patterson who wrote (5625)	4/17/1999 2:23:00 PM
From: JRI	Read Replies (2) \| Respond to of 17183

Dennis- The difference between EMC's situation and Dell's (in early February: All 4Q Dell was mum about how the quarter was going...Ancedotal evidence suggested that the November-January period was going gangbusters for the PC industry...but still no comments from Dell's managment during that period...When the big hit came on Niles' downgrade and revenue "shortfall", primarily due to an abyssmal January (and Niles' downgrade/info was released about a week or so before earnings), Dell did not respond. On the Dell thread, there is much speculation that someone at Dell leaked the results (revenue "shortfall"), so that the stock would not take a humongous hit after the CC. (It had run up parabolic before the earnings report).. In EMC's case (differing from Dell), the company immediately responded to the analyst's report (about Y2K) with their own, most comprehensive survey (in essence, refuting that analyst data). Indeed, if there were some problems (that are going to be fleshed out at the CC), in my mind, it would make no sense for EMC to response in such a fashion as they did Thursday......they should have "let it ride" and said nothing...to take pressure off the CC....So, in my opinion, we are still in good stead... I do agree that Thursday's action was wierd, but I chalk it up to this sector rotation (to cyclicals) that seem to have legs last week (which I think won't last long)...Since EMC had some bad news associated with it (and a lot of profits built in..)....it got taken out by some munis....all speculation on my part.... Fortunately, we will know our answers soon enough...IMO, the only thing that will hurt the stock short-term is if there is unreasonable panic about Y2K, in spite of a lack of evidence (or good evidence) to the contrary...and the "cyclical" rally continues....but how much further is Catpillar/Exxon going to go up anyway??

To: dennis michael patterson who wrote (5625)	4/17/1999 2:56:00 PM
From: John Carragher	Read Replies (2) \| Respond to of 17183

Dennis I believe this is related to the concern of y2k. Look at sunw it got creamed because they wouldn't give analysts a guarantee on the rest of the years business. Although sunw and emc are flying high with business all they can say right now is they don't see an impact. I believe the mm left to find some quick bucks in other high rs stocks. They are now pushing some cyclicals up and when they pull out more folks are going to get hurt. We know from the ceo's statements in emc and sunw growth is continuing.. oy what a hell of a hit. I do hope there are no surprises. I can't take another computer associates where the ceo says everything going great, gets his options and then comes out stating next few quarters will be slow. We have enough ceo's running around like ca imo. Looking forward to Tue. and hopefully some recovery. John