If it does miss on the delivery of VNX, stock goes back to 22, market wants EMC to succeed but what I can not figure out why the delivery of VNX has any revenue tied to it for this quarter. first version was to be released this quarter and some revenue to come in the next quarter. May be the idea reporter does not know what he is talking about however reporter being an Indian origin has plenty of friends in EMC who may have told him that VNX release is having issue and may be delayed another quarter. We will wait and see. Good part of the report is that if EMC does meet its yearly EPS target stock can see high-end of 34 and not 30 as he says.. But for that we will have to wait till 1q next year..
I doubt EMC will EVER see a $30 share price again. The way it is going the best it can do is keep the price over $20 and I am not keeping my fingers crossed for that either. This company is a turd circling the bowl.
I agree with vick....highly unlikely this stock sees $30 in any near term time frame, that is 1 year or less. If you want to put money somewhere to die, put it here. Maybe it can make it back to it's 2012 year end closing price of $25.30 before the end of 2013. Serial underperformer.