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Monday, May 19, 2008

EMC up on Barron's, general tech strength



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.

1 comment:

Anonymous said...

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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