So far, this is looking like a quarter where the IT hardware space is
still in rough shape, but not quite as bad as feared. That's good news
for EMC (NYSE: EMC), as storage equipment budgets generally follow the overall space. It also looks as though VMware (NYSE:VMW)
may be recovering faster/better than expected, and it's worth noting
that EMC delivered an in-line quarter even though the launches of the
new VNX2 products have slipped into third quarter. All told, while this
wasn't a quarter worthy of a victory dance, the idea that EMC's
performance is improving seems realistic and the stock's valuation still
looks attractive.
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http://www.investopedia.com/stock-analysis/072513/emc-may-be-stronger-it-looks-emc-ibm-ntap-amzn-vmw.aspx
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