BAD news about EMC

Just heard and saw a 10% decline in EMC stock today because VMware stock fell drastically almost 30% today. Reason: CEO exit.

While some are saying its a good thing that the CEO exit other are worried VMWare would not be a spin off hence putting the weight on EMC further as EMC owns 86% of VMWare. When it was time to buy VMware I did not i went for the safer option of buying EMC, thankfully so.

I look at EMC stock, fundamentals and valuations again and I like what I see. although challenges like slowing economy and competition will still be there. Is it a good time to buy then?. Probably not but its definitely wait and watch. See what the new management does. The new CEO is Paul Maritz who rolled out exciting stuff like windows 95, NT etc. Is experienced at delivering excellent results at such operational levels.

Ps: I own EMC