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EMC Corporation Message Board

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  • sensiseattle sensiseattle Jun 9, 2008 11:21 PM Flag

    Cramer says tech. selloff has just begun.

    Here you go as of last Friday and he had no sells today:

    EMC (EMC:NYSE, $17.12, 13,500 shares, 6.46%): The stock was flat this week, which on a relative basis was positive. I still like the stock, and the fundamentals remain strong. My only hangup is it is 6.4% of the fund. I need to trim some back, and if there is any strength in the shares, I will take money off the table. I still like the story, and fundamentals appear to be better appreciated by the investment community. The stock has shown signs of life on better fundamentals and take-out speculation. I don't know if Cisco (CSCO:Nasdaq) will buy it, but I am comfortable with the fundamental picture and will keep this a core holding, despite trimming shares in to strength. I liked what the CEO had to say a few weeks ago about IT spending and the business environment. And I still feel that this company is misunderstood as just a storage play. I believe storage is the growth driver to the company, but the company has other businesses that are helping to add to growth. As a matter of fact, 20% of its other business lines are poised to grow at more than 25% over the coming years. New product upgrades coming in the back half will help the stock; the valuation is cheap, and the company's interest in VMWare is worth $5 a share. It also has $2 a share in cash. All good things; just want to make sure I am disciplined and scale back when the positions become too big.

    Those are Cramer's views on the stock as of last Friday. Do your DD before you talk about stuff you know nothing about. You are parrots and I look forward to you actually selling, leaving and then losing your asses for dumping against his recomendations.


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