Monday, September 24, 2007

Apple, EMC Rise on Bullish Analyst Comments - WSJ.com

 Interesting times

EMC added 69 cents, or 3.6%, to $19.73 on the New York Stock Exchange after Bear Stearns and Citigroup lifted their ratings. Both brokers pointed to EMC's ownership stake in spinoff VMware, which has a lead in the burgeoning virtualization market and seen its shares surge since its IPO a month ago.

"From a larger perspective, we see EMC as more than just a storage play: we also see that EMC management has been adept at finding the 'next big thing' in IT spending," Bear Stearns' Andrew Neff said in a note, "and growing those nascent businesses, enabling overall EMC to continue to grow."

At the moment, in terms of mkt cap:

EMC: $41.59B

VMW: $32.26B

Apparently some investors don't think the latter is the same type of money as the former -- otherwise EMC, as majority owner of VMWare, should have seen a much bigger mkt cap pop over the last month.

Apple, EMC Rise on Bullish Analyst Comments - WSJ.com

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