It ain't easy to impress Mr. Market these days. A few days ago, Advanced Micro Devices
And today, there's storage giant EMC
But EMC's shares are 2.8% cheaper after that seemingly impressive report. Life just isn't fair sometimes.
And it's no sector effect this time. Competitors IBM
Perhaps we're watching investors take some profits and run. After all, EMC gave shareholders a market-beating 38% return on their investment over the last six months. That's pretty exciting for a stock with an average beta, big market cap, and rare price-change revolutions. Now, a 3% discount doesn't exactly make for an ideal buy-in point, but CEO Joe Tucci believes that his company is "strategically aligned with the major technology shifts and well positioned to play a pivotal role in the IT industry for the next decade." That’s a sentiment I can agree with. This stock deserves a second look from any long-term investor who wants to ride the long-term trend toward companies needing to house infinity-minus-one bits of data.
Have any thoughts on EMC’s quarter or on technology in general? Sound off in the comments section below.
Fool contributor Anders Bylund owns shares in AMD, but he holds no other position in any of the companies discussed here. Polycom and VMWare are Motley Fool Rule Breakers selections. Try any of our Foolish newsletters today, free for 30 days. You can check out Anders' holdings and a concise bio if you like, and The Motley Fool is investors writing for investors.