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Tuesday, January 27, 2009

VMW and EMC follow-up

VMW wasn’t as bad guidance-wise as I feared.  The stock is a buy around 20.5, I believe.

EMC was a little murky for my tastes.  They’re typically pretty straightforward and predict their business pretty well.  The lack of guidance for Q1 and the year indicate there is in fact an air pocket and that they’ve filled enough of their backlog to not know how business will shake out.  They’re predicting a second half recovery and a lower 09 vs 08.  Best to stay out.

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