EMC Corp. (EMC) reported another outstanding quarter, reporting $0.23 / diluted share vs. $0.17 by analyst estimates. The quarter includes a $0.06 / share gain on the sale of shares of VMWare to Cisco. Adjusting for the sale brings EMC’s quarter in line with expectations. EMC has authorized an increase in their buyback program from [...]
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- Long SMN @ 35, Short XLU @ 30 2009/02/06