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

To: t36 who wrote (6089)	4/30/1999 9:33:00 AM
From: Lee Lichterman III	Read Replies (2) \| Respond to of 17183

>>the difference between emc and dell is that emc is not slowing down..they are growing..big difference!!!! << I fully agree with youin that regard. What I meant is the attitude of many of the posters here that refuse to look at the chart, logic or the tape. I mostly lurk here and when volume was 4 times normal a week ago and it was falling, no one would accept the idea that EMC COULD go down. Also, although EMC isn't slowing, the price has outrun growth. Myother point was that 30% growth doesn't warrant a PE of 80. Being 1st in your group gives bonus PE points but PE should equate to growth rate. Since EMC is so far ahead of it's competition, a PE of around 50 might be OK. I will have to see if I can scrounge up the historical PE history of EMC when I get home from work tonight. Good Luck, Lee