EMC Corporation (EMC / NYSE) Bank of America Montgomery The company held an upbeat analyst meeting yesterday, and management is focused on returning to profitability. Reiterate Buy rating, and we believe the shares will trade back into the double-digits.
EMC Corporation (EMC / NYSE) Goldman Sachs We came away from EMC's analyst meeting with a much better sense of EMC's direction, strategy, operational changes, and business model possibilities. It would seem that one of the major imprints from EMC's new management is that of greater openness in the midst of a major series of changes within EMC. As a result of these changes EMC's operating leverage could get it to a mid-teens kind of operating margins in 2004, even without the contribution from Dell. This could take EMC's earnings power to about $0.50, which could yield a target price in the mid-teens in 12-15 months.