virtually impossible. Auditors have to put their
blessing on report. Expenses have to be accrued.
Inventories verified and LIFO computed. Bonuses need to be
computed. Way too many things to do without one business
day to do them.
In fact, 3rd week in Jan. is
Glad we got that resolved. I know you admit your
mistakes "quite regularly" ;-) as I've been here awhile
but don't post regularly. Been a holder of EMC for
along time and will maintain my shares for years to
come. I learned long ago NEVER to sell this great
EMC in May (the 6th) because the price dropped
below 100. I didn't say the split was announced, but I
knew it was coming. So maybe it was purely on
pre-split run up and not earnings.
Don't get me
wrong, I trust what you say, but I'm trying to recall
from memory. So maybe it's finally hit, I've hit
middle age and I'm losing my mind! I could have swore
earnings were announced in May, but I guess I was wrong.
But I knew the split was coming (June 1). I probably
am confusing EMC with some of the other 15 or so
stocks I bought and sold in 1999.
If you've been
here a while you'll see that I admit my mistakes quite
regulary, so I'm not here trying to be some expert. I'm
just Joe investor like everybody else.
thing I didn't get wrong was buying EMC in the first
place! I hope you don't get the impression that I've
been trying to debate you or challenge you. I look at
these boards as conversation. And as in most
conversations that aren't small talk, points get discussed and
clarified. I hope you stick around fro a while. We need more
detail oriented, fact based contributors.
Those dates cam from EMC not from my memory. But,
what I remember about the split was that it WAS NOT
announced in conjuction with an earnings report because we
needed to vote on it. Some cuts and pastes:
02/25 - EMC Corporation Announces Two-For-One
04/20 - EMC Reports
Revenue Up 36%, Net Income Up 51% in First Quarter
07/21 - EMC Reports All-Time Record Revenue and
Net Income for Second Quarter
10/20 - EMC Reports All-Time Record Quarterly Revenue
and Net Income
Below is the URL for EMC's
news releases for 1999. GO LOOK AT IT, becasue you
don't trust what I've been
LI SHARK at 5:09PM. I was so taken by the
impossible, that I didn't give it much thought.
usually reports in the 2nd month of a quarter. I was
suprised by the Jan 26th date I got several weeks ago.
When I saw Jan. 3rd I almost hit the
This year's January effect is supposed to be bigger
than normal, because money is also being withheld due
to Y2K fears.
We could have between $15-$20
billion coming into the stock market in
You said "EMC usually reports in the 2nd month of
a quarter." Not sure what that means?
normally reports earnings for the previous quarter about 3
weeks after it ends. Further, their fiscal quarters
(Unlike the US Govt whose Q1 begins on 1 Oct and ends 31
For the past year EMC reported on the following
Q1 FY99: reported April 20, 1999
reported July 21, 1999
Q3 FY99: reported October 20,