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

To: VFD who wrote (5718)	4/19/1999 9:33:00 PM
From: Michael W. Brom	Read Replies (1) \| Respond to of 17183

Diego, i'm in at $130 and $112, so don't feel too bad. time to add to my position. EMC is ON SALE! michael

To: VFD who wrote (5718)	4/20/1999 8:09:00 AM
From: JDN	Read Replies (1) \| Respond to of 17183

Dear Diego and all: I just finished reading the earnings release and associated comments. I am very pleased. First off--the beat the estimates by a penny. Not a lot but look at how high the bar was. A 51% INCREASE in diluted earnings per share. A lot of companies are beating estimates on a lowered bar--EMC is doing it on a substantially raised bar. Secondly--Has anyone looked at the balance sheet? Impressive to say the least. This is one hell of a well run company. Examples-- Sales are up well over 30% yet accounts receivable and inventory basically flat. Thats impressive to me. Current ratio over 4:1 Long term debt to equity minor (forgot to calc. but not large at all) I noted that SG&A is up somewhat as a percentage of sales (who wants to bet they tucked a little cushion in there??) Finally, regardless of what happens today to the stock price we must admit the CEO wrote a glowing report and has done his best to protect the shareholder value. I appreciate that. Too many of my holdings have CEO's with the attitude let the chips fall where they may. JDN