Hopkinton, Massachusetts-based EMC Corp.
chief financial officer William Teuber expects the largest maker
of computer data-storage systems to be profitable in the second
half, reiterating the company’s forecast.
The company expects a third-quarter loss of 1 cent a share
and fourth-quarter profit of 2 cents, Teuber said at a SoundView
Technology Group’s conference on data-storage gear at the Seaport
Hotel & World Trade Center in Boston. The forecasts are in line
with the average estimates in Thomson First Call analyst survey.
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“It’s still tough out there, and the third quarter will be
tough,” Teuber said.
The company needs quarterly sales of about $1.46 billion to
break even, Teuber said, in line with EMC’s prior forecast.
Bloomberg News
