EMC down 10% off VMW results

I wouldn't go near VMW as this is their second miss in a row. Investors are infatuated with VMW -- I'm not sure I get it.

I like EMC. Remote storage is a burgeoning market. The stock has retreated from 25 to 15 on fears of a slowdown in corporate spending -- which I'm sure will come to pass on some level -- but the stock is too cheap to throw away here. I'd be a buyer around 15. $16 puts it at 10* next year's earnings estimate. Seems compelling.