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Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: ClearBot@mailblaster.clearstation.com X-To: kensey_subscriber@mailman.enron.com, X-cc: X-bcc: X-Folder: \Andrew_Lewis_Dec2000\Notes Folders\All documents X-Origin: Lewis-A X-FileName: alewis.nsf =================================================== APPLY TODAY AND SHOW TOMORROW! Don't worry about haggling or overpaying for a loan. With E-LOAN you can apply in minutes, get a great rate and negotiate like a cash buyer. Apply today at http://www.wheels.eloan.com/cgi-bin/autoloans?context=auto or call 1-888-ELOAN-22. Assumes new auto purchase with excellent credit. =================================================== Recommend emails are a powerful way to get investment tips as they happen from the ClearStation community. If you would like to UNSUBSCRIBE, go to http://www.clearstation.com/doc/unsub_kensey.html *NOTE : DO NOT reply to this email. Replies should be made within 'Discuss' at the url given below. +-+-+-+-+-+-+-+-+- 'kensey' has recommended EMC (Long) at Dec 13 2000 3:15PM EMC Corp ( NYSE : EMC ) Computer - Storage Devices : 0 new highs in group of 31 Symbol Last Time Change High Low Volume ----- ---- ---- ----- ---- --- ----- EMC 79.12 2:55PM -3.00 87.00 77.75 11,779,800 Community Take -------------- 627 Long / 26 Short 'kensey' said: Wed Dec 13 15:05:07 2000 find EMC attractive at 77 1/2. launching accumulation operations. meaning, time perspective is 'long term core technology holding'. unless (of course) the fundamentals deteriorate. will they? briefings take from a bit ago. 16-Nov-00 11:23 ET EMC Corp. (EMC)90 +1 3/16: A forward p/e of 87x is not scaring Bank of America Securities from initiating coverage of the king of storage infrastructure with a Strong Buy and a 12-month $120 price target. The analyst views EMC as a core holding for technology investors and believes storage is an essential component of Internet infrastructure. Also, Bank of America believes EMC is one of five pillars of technology, joining Microsoft, Intel, Cisco and Sun....EMC's two goals are: 1) while EMC dominates the storage area network (SAN) arena, they are looking to penetrate the network attached storage (NAS) space and 2) increase software to reach 20% of sales. Entering the NAS field is a cause for concern for investors of players in that space, particularly Network Appliance (NTAP), the NAS leader. EMC's management believes the company will be the leader in the NAS market in 2001. The company believes that the upcoming launch of its new mid-market appliance will go a long way towards achieving this goal. This mid-range NAS product, code-named Chameleon could be a drag on the shares of NTAP when unveiled. While EMC has a long way to go before outstaging NTAP in the NAS space, this launch will be a precursor of additional competition which would pressure margins. Network Appliance recently warned of slowing sequential growth rates. On the software front, EMC's recent purchase of CrosStor is the latest of several software acquisitions in its effort to boost software sales to 20%. The industry is realizing that software is one of the key features that separates a million-dollar EMC storage system from a few dozen $500 hard disks. EMC uses software to fend off increasing competition from IBM, Sun Microsystems and others. However, the CrosStor acquisition is a help to both of EMC's goal as its software is primarily used in the NAS market....EMC is unique in that it provides an end-to-end storage infrastructure portfolio consisting of storage systems (both SAN and NAS), software, networking and service and support. We believe the company has tremendous upside, but at such a high multiple, we would be wary of entering the stock at these levels. -- Robert J. Reid, Briefing.com the key point briefing seems to make is that the fundamental story is intact and that management is moving in agro fashion to get more revenue streams on-line. one objective : number 1 category player in NAS. that sounds overly agro. which is good regardless of whether they get there by 2001. the caveat briefing notes is that valuation issues need to be worked out. this note was penned with the stock at 90. it is now at 77. so these issues do seem to be working themselves out. support at 76 and then 72. important to watch interactive of price and volume at these important support points. what moves the market next? that seems quite clear : the tuesday FOMC meeting. feeling here is that after this bit of selling dries up, the market rallies into the FOMC meeting. the selling seems to be on relatively low volume and of the profit taking garden variety. kensey See the annotated graph of this recommendation at: http://www.clearstation.com/cgi-bin/bbs?Cmd=post&post_id=1864135 +-+-+-+-+-+-+-+-+- Recommend emails are a powerful way to get investment tips as they happen from the ClearStation community. 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