EMC (emc), one of the tech bellwethers on Wall Street, said earnings for the first quarter will be about 18 cents a share. According to First Call, analysts were expecting earnings of 20 cents a share. Those estimates were cut following EMC's Feb. 22 profit warning. Full story. --Larry Dignan, ZDII
Data storage giant EMC said Wednesday its first-quarter earnings will fall short of Wall Street estimates amid a slowdown in information technology spending. The company also cut its growth projections for 2001.