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Software stocks buried on warnings

Software stocks buried on warnings

Software stocks were leveled as the markets absorbed a landslide of profit warnings from the likes of Ariba, Broadvision, Epiphany, Documentum, Inktomi and MicroStrategy. A slew of e-business software companies warned after the bell Monday night, making Tuesday a dark day as Wall Street analysts slashed earnings targets and ratings on the entire sector.

April 2, 2001 by in EMC

EMC cuts growth targets

EMC cuts growth targets

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.

April 10, 2001 by in EMC

Rough week for Wall Street

Rough week for Wall Street

Talk of war and profit warnings from technology companies sent the stock markets reeling for the fifth straight day as both the Dow and Nasdaq take hits.

September 21, 2001 by in EMC

EMC creates 'rich media' division

EMC creates 'rich media' division

Storage giant EMC has created a new division dedicated to delivering video, photos and audio over the Internet, a move that follows some of the company'scompetitors.The Hopkinton, Mass.

February 4, 2001 by in EMC