In premarket, at 8:06:27 I added 1/8 more EMC to my target position. Last year I sold 3/4 of my position booking an 18% long term gain. I currently hold 5/8 of my target position in EMC.
The Street Rates EMC a ‘B’ Buy stating:
We rate EMC CORP/MA (EMC) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company’s strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, robust revenue growth, expanding profit margins, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.
Other noteworthy facts:
Based on its gross margin, operating margin, and net margin, EMC converts a larger percentage of its revenues to profits than most other companies in the Computer Storage Devices industry.
EMC has a growth score and solvency rate better than 90% of the stocks rated by The Street.
EMC trades at a discount to its peers when looking at book value, 2.4 vs 4.24, sales 2.37 vs 2.87.
EMC operates in two business categories: EMC Information Infrastructure and VMware Virtual Infrastructure. EMC Information Infrastructure provides a foundation for organizations to store, manage, protect, analyze and secure information and enhance their advantage within traditional data centers, virtual data centers and cloud-based IT infrastructures. With 2010 revenues of $2.9bn, more than 250,000 customers and 25,000 partners, VMware is the leader in virtualization, which consistently ranks as a top priority among CIOs.
EMC/VMware Market Moving News:
EMC® NEC and Intel deliver solutions for Microsoft SharePoint 2010. Testing demonstrates the search and retrieval of 108-million database objects for a 200% scalability improvement.
The configuration incorporates EMC, NEC and Intel technologies for demanding, large-scale, high growth SharePoint 2010 collaboration solutions.
VMware’s Cloud Leadership
A lot of companies have tried to compete with Microsoft and failed — Lotus, WordPerfect, Netscape and Novell all come to mind.
When Microsoft announced Hyper-V, I expected VMware suffer the same fate. The opposite has happened — VMware keeps getting stronger and stronger.
EMC to Acquire Parts of Zettapoint to Increase Software Portfolio
EMC Corp. of Hopkinton is acquiring Zettapoint Inc. of Concord, a three-year-old maker of software for improving the performance of large databases. According to a report on the Israeli news website Globes, EMC will pay $10 million for Zettapoint, which has an operation in the Israeli city of Or Yehuda. EMC already had established a strategic partnership with Zettapoint.
EMC, Midrange Storage Dominate IDC’s Spring 2011 SUDS Survey
IDC’s Spring 2011 Storage User Demand Study (SUDS) has been released and includes interesting insights on enterprise storage market trends and their preferred storage brands by usage scenario. The main takeaways – EMC dominates mindshare, midrange storage is the most favored and many are already using outsourced storage solutions.
EMC Project Lightning flash cards promised ‘this year’
Weighing in at 320GB, for starters. EMC has said that the Project Lightning flash cards will ship before the end of the year. The main reason EMC wants these caches to be under control of the disk arrays – rather than servers and their operating systems – is the same one that has been EMC’s reason for more than three decades: EMC sells storage and, like Oracle, it wants to control as much of the IT stack as it can.
EMC To Unveil Data-Analysis Products
EMC on Wednesday plans to introduce what it calls the “Greenplum Analytics Workbench,” a large-scale testing device with 1,000-plus hardware nodes and 24 petabytes of physical storage. EMC said the size is equivalent to nearly half the entire written works of mankind from the beginning of recorded history.
VMware extends social, cloud-based apps to iPad and Android
VMware says it is advancing its vision for the future of applications in the post-PC era with new iPad and updated Android applications from SlideRocket and …