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EMC Corporation Message Board

  • richbren01 richbren01 Jul 28, 2008 9:18 PM Flag


    Below is data for EMC spanning the last 8 years. Is the glass:
    (1) Half-full,
    (2) Half-empty,
    (3) Just-half,
    (4) None of the above
    Clearly, "shareS out" have gone down since June 04. If the share buy back program exceeds share distribution, "shares out" should go below 2B over the next 6-12 months, if not already.
    30-Jun-01 2.21B 29.25
    30-Jun-02 2.20B 7.55
    30-Jun-03 2.19B 10.47
    30-Jun-04 2.40B 11.40
    30-Jun-05 2.41B 13.71
    30-Jun-06 2.30B 10.11
    30-Jun-07 2.10B 18.10
    30-Jun-08 2.07B* 14.69
    AVG 2.24B 14.41
    STDEV 0.13 6.81
    *Taken from Yahoo, and may be off by a quarter or two.

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    • "Below is data for EMC spanning the last 8 years. Is the glass:
      (1) Half-full,
      (2) Half-empty,
      (3) Just-half,
      (4) None of the above"

      The answer is choice (4)because, the REAL answer is that the glass is twice as big as it needs to be!
      ......just an observation


      • 1 Reply to mensazorro
      • Ther was a chice that Rich did not put down and that choice was is the glass full.

        The reasoning that he wanted to give everyone the full set of options failed in the respect that all of the choices were not available.
        Rich went in with preconceived answers and although the last choice fit the same answer that I had, the question as asked like a scientific poll did not address the answers that were available.

        Main reason that political pollsters sometimes miss on their predictions in that they do not ask the complete question.

        BTW : EMC had 2.211 Bil. shares outstanding as of 12/31/2001

        My opinion is that the glass is full.
        Many reasons for that.

        EMC had more shares out in 2001 when the stock was $104.

        EMC's profit margin although somewhat larger than today is not out of line based upon the size that EMC has grown since then.

        EMC is much stronger company and they make a better product than they did in 2001.

        While many are blind to what is going on the VMW side will be as large as it was projected to be .
        Those that rag on it just do not understand what is going on and what it does. MSFT's entry not withstanding there will always be competition. The size of MSFT is more of a deterrent than an advantage. Keep in mind that IBM had about 90% of the storage market in 1991 and where are they today and although they still sell storage they make it in the same fashion as EMC does as they do not manufacture disk drives.


    • Post from j35512 copied below....

      He even gives links or at least where the information is.

      From 10k filing 2007 and 10q filing 2008 28-Jul-08 07:47 pm
      This is difinative in what is said.
      There is no more guessing and also describes
      the total cost of the ehares repurchased.

      FY2007 10K FILING PAGE 32: "In 2007, we repurchased 89.4 MILLION SHARES of our common stock at a total cost of $1,453.7. Of the 250 million shares authorized for repurchase, we have cumulatively repurchased 199.2 million shares at a total cost of $2,660.8, leaving a remaining balance of 50.8 million shares authorized for future repurchases. Additionally, in 2006, the Board also authorized a one-time repurchase of shares in conjunction with our issuance of the Notes of which 75.0 million shares were repurchased using $945.8 of the net proceeds from the Notes. In total we spent $1,453.7, $3,655.4 and $1,003.4 on repurchases in 2007, 2006 and 2005, respectively. We plan to spend approximately $550.0 on common stock repurchases during the first quarter of 2008; however, the number of shares purchased and timing of our purchases will be dependent upon a number of factors, including the price of our stock, market conditions, our cash position and alternative demands for our cash resources."

      Q1'08 10Q filing, page 13: "In April 2006, our Board of Directors authorized the repurchase of 250.0 million shares of our common stock. For the three months ended March 31, 2008, we spent $557.2 million to repurchase 35.9 million shares of our common stock. Of the 250.0 million shares authorized for repurchase in 2006, we have repurchased 235.1 million shares at a cost of $3.2 billion, leaving a remaining balance of 14.9 million shares. In April 2008, our Board of Directors authorized the repurchase of an additional 250.0 million shares of our common stock, increasing the number of shares available for repurchase to 264.9 million shares."

      That just about says it all
      that leaves 2.095 shares outstanding as of June 30, 2008


      For those who have said the count has not gone down here is the answer.

      I also think that there are math that are somewhat mathh challenged and really do not know how much EMC spends on buybacks. While there rae some who disagree wit buybacks, in my view the best investments other than aquiring
      another company is investing in yourself if you feel that the shares are underpriced.. But that is just me and my personal opinion.


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