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

To: William Hunt who wrote (5737)	4/19/1999 7:33:00 PM
From: Tony Viola	Read Replies (1) \| Respond to of 17183

Bill, I've put several bullish posts in here from a technology/fundamental point of view, will try to summarize. There is no question in my mind, or I think anyone's that looks at it long enough, about the following items: 1. EMC is the undisputed leader in its field, which is enterprise storage. They passed IBM three or four years ago, never looked back, and are gaining share vs. them and everyone else. 2. The cost to get into a position like EMC has is extremely high. Call it Intellectual Property if you want. In EMC's case, it has to do with software, hardware and microcode they've developed that allow different RAID configurations that make data available to several different kinds of server platforms and keep it as close to bullet proof as possible. Reliability, availability and serviceability are as important as price and performance, and I think EMC has the best knowhow in all of these. 3. Their growth is as good as it gets for a big company, what, expected 30% minimum revenues and profits for the next few years, and 10 billion in sales in 2002? 4. Storage is growing faster than any of the CPU platforms it supports. I don't think (EMC says also) even Y2K is a worry with storage. Still, I'm sure Wall Street will probably go ahead and worry about it anyway. The only thing I guess that is a caution, still, is EMC's valuation. Of course you'd say the same for Cisco and Microsoft, thinking of a couple of other big fast growers. Good Luck with your decision. Tony