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To: Chris O'Connor who wrote (885)	4/19/1999 3:22:00 PM
From: DownSouth	Read Replies (1) \| Respond to of 10934

One of the things I like about this company is the SUPREME CONFIDENCE management has but it is also one of the things I fear a little. Hopefully they won't become overconfident and make mistakes because of this arrogance/confidence. Does this scare anybody else? This management team IS confident. I do not see it as arrogant. These folks take nothing for granted. They work the major sales opportunities with their sales folks every day in an open and creative fashion. They monitor the shipping schedules, the booking numbers, the expenses very closely. If they seem arrogant, it is because they really do know what is going on. They are also smart strategically. The Dell deal was in the works for well over a year before it was inked, for example. I am sure they have some more strategic surprises for us.

To: Chris O'Connor who wrote (885)	4/20/1999 9:12:00 AM
From: Beltropolis Boy	Respond to of 10934

>I'm anticipating the EMC report will give us a lift ... me three! ----- EMC tops estimates, sees sustained demand in '99 By Eric C. Fleming April 20, 1999 8:26am ZDII EMC Corp. (NYSE: EMC) on Tuesday reported better-than-expected first quarter earnings of $221 million, or 41 cents a share, and said it didn't see a slowdown in demand for storage products for 1999. The First Call Corp. consensus estimate of 16 analysts expected earnings for the March quarter of 40 cents a share. In the year-earlier period, EMC earned 28 cents on sales of $828 million. The Hopkinton, Mass. mainframe computer disk memory hardware and software maker reported a 36 percent increase in revenue for the quarter to $1.13 billion. Fiber channel product sales doubled to $280 million in the quarter. Service and rental revenue grew to $72 million from $22 million. Looking at 1999, EMC (chart said that it hasn't felt and doesn't expect a spending slowdown for the storage business. Last week, data storage product maker StorageTek Inc. (NYSE: STK) warned of first quarter shortfall from slow sales of its new products, which pulled down EMC shares. On April 15, Nationsbanc Montgomery downgraded EMC to "hold" from "buy," and EMC countered the downgrade with its own survy of 250 customers that showed no signs of a demand slump. "We understand there are concerns throughout the information technology industry about the potential impact of the Year 2000 date change on IT spending patterns later this year," said chief Michael Ruettgers in a statement. "The evidence we have collected in recent months points to continued robust demand throughout the year, and indicates that there will not be a slowdown in spending for EMC storage products during 1999." EMC reiterated its expectation of a 30 percent growth rate in revenue and earnings for the year, citing an undiminished demand for data storage wares.