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Wednesday, Jan 2
EMC's (EMC -2.2%) Q4 sales will come in at the low end of its $5.92B-$6.07B guidance range,...
EMC's (EMC -2.2%) Q4 sales will come in at the low end of its $5.92B-$6.07B guidance range, thinks Oppenheimer after conducting U.S. and European checks; the consensus stands at $5.98B. 23% of Oppenheimer's contacts expect sub-5% Q/Q growth in EMC sales in seasonally strong Q4 (up from 15% a year ago). Also, the firm thinks sales of EMC's Data Domain de-duplication hardware and Avamar backup/recovery gear are slowing, though demand for its mid-range VNXe systems (competes with NTAP) is strong. EMC and VMware (VMW -0.4%) are underperforming.