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

To: Steve Hufnagle who wrote (6118)	5/3/1999 9:46:00 AM
From: bob gauthier	Respond to of 17183

Monday May 3, 9:09 am Eastern Time Company Press Release EMC Delivers Information Infrastructure for Windows NT-Based SAP Environments EMC Showcases Enterprise Storage Network Solutions as Co-Sponsor of SAPPHIRE '99 NICE, France--(BUSINESS WIRE)--May 3, 1999-- Through the flexibility and scalability of EMC Enterprise Storage Networks (ESN), SAP users are able to build Windows NT-based information infrastructures that provide a single, integrated view of their business. EMC Corporation, the world's leading provider of enterprise storage systems, software and services is showcasing its solutions for Windows NT and UNIX environments to thousands of SAP users attending SAPPHIRE '99. The EMC Enterprise Storage Network solutions for SAP echo the event's theme, ''Sharing the Art of Business.'' By deploying SAP R/3 with EMC's Symmetrix Enterprise Storage systems, customers are able to create a flexible, highly available information infrastructure that allows companies to centrally share, manage and protect their information, no matter where it resides. Among the solutions being showcased in demonstrations and presentations are EMC's high availability solutions for SAP applications in Windows NT environments, which feature unique EMC software, including EMC TimeFinder, EMC Data Manager and Symmetrix Remote Data Facility (SRDF), to provide unmatched levels of data protection. In addition, EMC is showcasing its Enterprise Storage Networks, which allow information from hundreds of distributed Windows NT servers to be centrally managed, shared and protected on a single Symmetrix Enterprise Storage system. Frank Farese, EMC's Vice President of Global Alliances, said, ''SAP customers are among the most innovative users of information in the world. By building an information infrastructure based on EMC Enterprise Storage systems and software, they can ensure that their information is available when its needed, is properly protected and is easily managed. The platform independence of both EMC and SAP gives customers the freedom to build this infrastructure with the best tools for their business needs.'' EMC and SAP have been working closely for more than two years to ensure close integration of their respective technologies. In February 1998, EMC opened a technical center at SAP headquarters in Germany. EMC and SAP have also signed maintenance and technical support agreements to provide joint customers with the highest levels of service and support. About EMC EMC Corporation, a Fortune 500 company based in Hopkinton, Massachusetts, is the world's technology and market leader in the rapidly growing market for intelligent enterprise storage systems, software and services. The company's products store, retrieve, manage, protect and share information from all major computing environments, including UNIX, Windows NT and mainframe platforms. The company has offices worldwide, trades on the New York Stock Exchange under the symbol EMC, and is a component of the S&P 500 Index. For further information about EMC and its storage solutions, EMC's corporate web site can be accessed at emc.com. EMC and Symmetrix are registered trademarks and EMC Enterprise Storage, TimeFinder, EDM and SRDF are trademarks of EMC Corporation. Other trademarks are the property of their respective owners. -------------------------------------------------------------------------------- Contact: EMC Corporation Rick Lacroix, (508) 435-1000 (Ext. 77261) lacroix_rick@emc.com --------------------------------------------------------------------------------

To: Steve Hufnagle who wrote (6118)	5/4/1999 10:52:00 AM
From: mauser96	Read Replies (2) \| Respond to of 17183

At this time being a high tech stock on a money managers favorite list isn't good news. . It means they own plenty, bought at lower prices. The recent resurgence of earnings at Dow Jones type stocks left MM under invested in cylicals and oils. They need cash to buy them, so since they also had low cash positions, they sold the big, highly liquid stocks where they showed a profit. EMC fits this scenario perfectly, especially when you add in todays HP news as an reason to sell. In the long run the broadening of the market is probably good news for tech investors too. "Value" and "growth" stocks each have their day in the sun. Since the market works on expectations, at the moment "value " stocks are the ones exceeding expectations, so they are the ones showing good price gains. While I expect it will take months for EMC to show good stock price gains, as long as the underlying company business is doing well, eventually the market will cycle back to "growth". Today's news about HP was the first genuine piece of bad news about EMC recently ,but the stock was down before this. The recent closer ties between IBM and EMC suggests to me that EMC may have seen the HP decision coming.