"Data storage company EMC surged to $7.62 from $6.80 at Monday's close after it said it would post a loss in the fourth quarter but said customer spending was better than expected and that its revenue will meet expectations."
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muteryuin....
Hmmm - Customer spending was better than expected and revenues will beat - er, ah, ok, meet expectations. I see no other way to read that statement than to assume that they had highballed expectations - If not, then why are revenues not going to beat expectations if spending is better than expected. Perhaps the customers were spending more but with EMC's competitors????
Either way, I find such a statement hardly justifies such a surge in price in AH trading.
mlsoft
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