The combination of the war and nerviousness about tech stocks (IBM for example) have driven EMC back to its base in the mid 10's. I suspect that Colin Powell is in the process of getting everyone in line for some major arm twisting, and the situation will start to improve. The Saudies, Russians and others will be delighted to take Iraq's share of the oil.
EMC is in the "channel" buying range. The fundamentals for the economy and the company are improving. The Middle-east will stabilize.