I'm liking EMC here

[mrmarket]

I just bought some April 06 15 calls at $0.55 (stock price = $13.04) for the Titan gambling slush fund.

What does everyone else think?

[mrmarket]

Strong revenue growth lifts EMC in Q3
By Michael Baron, MarketWatch
Last Update: 9:05 AM ET Oct. 19, 2005
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NEW YORK (MarketWatch) - Shares of EMC Corp. gained in pre-market action on Wednesday after the Hopkinton, Mass., maker of storage networking technology products topped Wall Street's expectations with its fiscal third-quarter earnings.









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The stock (EMC:
EMC Corporation
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Last: 13.24-0.01-0.08%

8:01am 10/19/2005

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FinancialsMore EMCEMC13.24, -0.01, -0.1%) rose 36 cents, or 2.7%, to $13.60, on Instinet volume of 131,096.

The company attributed strong revenue growth of 17% in the quarter to expansion of its services business, its top share in the mid-tier storage systems market, and demand for its software applications, which include enterprise content management and backup, recovery and archive, and virtual infrastructure products.

Before the opening bell, EMC posted third-quarter earnings of $422 million, 17 cents a share, up from a year-ago profit of $218 million, or 9 cents a share.

Excluding a gain of $106 million from a tax benefit, the company earned 13 cents a share in the latest quarter.

Revenue totaled $2.37 billion in the three months ended Sept. 30, up from $2.03 billion in the same period a year earlier.

The average estimate of analysts polled by Thomson First Call was for a profit of 12 cents a share in the September period on revenue of $2.37 billion.

"Each of our major business segments and geographies continued to grow by double-digits during the third quarter, reflecting the power of our model, the soundness of our strategy and the excitement customers have about our expanding portfolio of solutions," said Joe Tucci, the company's president and CEO.

Looking ahead, EMC sees earnings of 16 to 17 cents a share for the fourth quarter on revenue of between $2.67 billion to $2.69 billion. For the full year, the company anticipates revenue growth of 17%.

Wall Street's current consensus estimate is for earnings of 16 cents a share in the December period.

CFO Bill Teuber also noted that the company spent roughly $333 million on stock buybacks in the quarter, repurchasing more than 24 million shares, and he said it plans to by "very active" in the market again in the current quarter.

[mrmarket]

really liking it now...who else is in?

[sowersnc]

I have some money ready for any pullback on this one. I have been watching it. It has a nice 5 star S&P rating and a 12 month target of $18.

Looks like a winner to me.