Tech is cyclical in so many ways. For starters, there is the impact of the overall economy - when times are tough, companies pull back on non-essential IT. There is also a cyclical aspect insofar as the hot space or sector. More experienced investors almost certainly remember when stocks like Cisco (Nasdaq:CSCO), Oracle (Nasdaq:ORCL) or Applied Materials (Nasdaq:AMAT) were the darlings of darlings. More recently, networking names like F5 (Nasdaq:FFIV) and cloud computing/virtualization plays like VMware (NYSE:VMW) have gotten the love.
Why does any of this matter? Well,
EMC (NYSE:
EMC) is the best of breed when it comes to "Big Data" storage, and data storage is still looking like one of the strongest segments of the tech space.
A Solid Third Quarter
A lot of nervousness has surrounded names like EMC and
IBM (NYSE:
IBM) going into this reporting cycle, as investors have worried whether companies are pulling back on their IT spending. To that end, EMC's quarter may not have been perfect, but it was good enough to answer the loudest
bears.
Please continue here:
http://stocks.investopedia.com/stock-analysis/2011/EMC---The-Best-Company-In-The-Best-Business-EMC-ORCL-IBM-VMW-NTAP-DELL-HPQ1020.aspx
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