That's because this quarter's loss was already factored in. If investors think INTL, CSCO, ORCL, SUNM will all prosper while EMC gets left behind, they're wrong. The only thing EMC's mgmt needs to do is trim some well-paid fat in the Boston area. They HAVE been slow in doing that. Cuts announced today are too little too late. Boston area has become an extremely expensive place to operate. They should move west.
Nope, I'm not. No one cares what the numbers are from the 3rd quarter, so management is completely cleaning out all the debris. Comparisons will be strong from here on out. Initially there will be a drop to 12.50 or so, but it will nail 15 by the end of the day.