EMC is no LU or NT because LU and NT generate their revenues from telecom co's. which at the time are having a difficult time. EMC generates it's revenue from ALL companies. BIG DIFF! EMC's miss by a penny should not have EMC selling at 3.89. EMC has been beaten down so much, you would think at it's current price, it missed EPS by 30 cents and revenues off 50%. Missed by a penny and revenues off about 8%.
THIS IS OVERREACTION DUE TO MARKET SENTIMENT.
A PRUDENT STRONG BUY AT THIS LEVEL.
Remember, spending will resume probably sooner than one may think.
Who said anything about positive EPS? "EMC officials said the company expects to report a loss of 2 cents a share on revenue of $1.25 billion for the quarter ended Sept. 30." This is a broken record story in case you haven't been paying attention.
You think EMC is worth north of $8B when sales are stalled or slowing at $5B and EPS is no where to be found?