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

To: Michael W. Brom who wrote (6316)	5/7/1999 9:22:00 AM
From: JDN	Read Replies (2) \| Respond to of 17183

Dear Michael and all: Well, we all know it but here is the type of "Journalism" which has pushed the stock down. If you believe it quake, if you dont BUY. Seems as simple as that to me. Not often though a CEO says BLUNTLY we will make our numbers when the bar is set so high. JDN HP Gives EMC the Heave-Ho It's crunch time for EMC, the high-flying maker of data storage systems. Hewlett-Packard, EMC's largest reseller, on May 5 tapped rival Hitachi Data Systems to supply high-end storage systems to HP customers. EMC stock fell 10%, to 96, as investors wondered if EMC would be able to hold on to the $700 million in revenues it receives from HP customers. CEO Michael Ruettgers told analysts that EMC would still make its numbers this year, reiterating 1999 targets of more than 30% growth in profits and sales. EDITED BY KELLE