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EMC Corp (EMC)

DON'T BUY
Technology sector has had big bounce and he doesn't own any right now. Hedge funds have become involved. This one is a dominant player in the storage business. Trades at around 22 X earnings. Very competitive marketplace.
WEAK BUY
Outlook is respectable. Probably getting close to fair value. Decent entry point for a long-term Hold. Big partner with Dell (DELL-Q) and as long as Dell continues to expand it should continue to do well.
DON'T BUY
As a rule, he doesn't buy stocks that are falling in price. A lot of the technology stocks are getting cheaper, but may not be cheap enough.
BUY ON WEAKNESS
Had to go through a big transition post-bubble so they partnered with Dell (DELL-Q) who distributes a lot of their storage devices. Likes it below $10. Storage market will continue to grow.
DON'T BUY
Likes management, the business and their market. Has not found it that compelling from a valuation point of view. Would be very interested below $10.
HOLD
A solid company in storage and has great opportunity. A good environment.
PAST TOP PICK
(A Top Pick Feb 27/06. No change.) Still likes.
TOP PICK
He sees his portfolios morphing more into the technology world. He has a model price of $18.90 that is a positive differential of 38%.
HOLD
In the data storage business. Likes this as a long-term hold. Likes the core business on a macro level. Has a lot of competition. Reasonably valued and continues to grow.
TOP PICK
His model price is $17.76. That is a 32% positive differential.
BUY
Of the technology companies in the US, one of the shining lights right now is the memory/data storage business.
HOLD
Going through a transition moving away from making large hardware platforms in storage to becoming more of a software company. Has done a good job of acquisitions for this. They still have underlying competition in storage which can result in loss of market share occasionally. Good company.
DON'T BUY
Model price is around $14. Fully priced.
SELL
Storage has been a good space in technology, but not necessarily a good place to invest. Although it recovered very nicely from the tech bear, they are tailing off again. Will be difficult for them to keep up its growth rate.
BUY
Very volatile. Likes. Fundamentals are quite good. Demand for storage is good. Likes their partnership with Dell.
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