EMC featured in Barron's as a potential takeover candidate for Cisco. I think IBM makes more sense. The stock has had a 20-25% move since I bought it and there's a long-term trendline here in addition to the 200 day moving average... so I'm letting some go.
I still like EMC generally and it's pretty cheap if you can figure a way for them to get out of VMW without destroying the public market for the stock. If you do, I'm sure they'd love to hear it.
Monday, May 19, 2008
EMC up on Barron's, general tech strength
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HERE IT IS 9/23/08,AND EMC HIT A NEW INTRADAY 52-WEEK LOW ON 9/18 OF $11.50. TODAY IT HIT $11.65 BEFORE RECOVERING SOMEWHAT.VMWare HIT A NEW 52-WEEK LOW OF LESS THAN $23 ON 9/18/08,AND TODAY CLOSED AT $28.78. VMWare HAS PROVEN TO BE AN OVER-HYPED DUD WITH LIMITED OFFERINGS.ITS CO-FOUNDERS AND OTHER TALENT HAVE DEPARTED LEAVING EMC WITH AN OPERATION THAT IS RAPIDLY BEING ENCROACHED UPON BY MICROSOFT AND OTHERS.EMC CEO TUCCI AND CFO GOULDEN THINK THEY HAVE A TREASURE IN VMWare--AN OPINION THAT OBVIOUSLY IS SHARED BY FEW. EMC SINKS WHENEVER COMPETITION FOR VMWare IS ANNOUNCED-EMC SHAREHOLDERS HAVE BEEN TERRIBLY HURT BY EMC'S BELIEF THAT VMWare WILL SOLVE EMC'S INABILITY TO GET IT'S SHARE PRICE UP OVER A SMALL FRACTION OF ITS MULTI-YEAR HIGH.
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