EMC has lost the upside ride like wise INTC and few other techs. even though mkt is sitting it is high yet EMC is till where it was year or so ago. No change in price. So what will it take for it to climb. VMW is what was making it fly and same can be said that VMW is what is holding it down. EMC is making more money now than it was a year or so ago but stock still in 23/24 range, when it really should be in the 30 range given how far SP500 has climbed. After q1 results we will know if it is ready to climb past 27 and if it can do that then 30 to 34 is very possible.
Correct on VMware holding them down, but it is management's fault that VMware will continue to hold them down. They pored more money into VMW stock last qtr, and continue to prop up that company that is no longer in growth mode. The stock performance is pathetic, down ytd when the market is up 10%. Just amazing. I doubt this will see $30 again. Be lucky to see $26 again.