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Bill Ackman Buys EMC Corp. during the Second Quarter

October 30, 2008 | About:

Bill Ackman bought about 40 million shares of EMC Corp. during the second quarter, his investment company Pershing Square Capital Management, L.P reported in an amended filing today.

His purchase prices were between $14.77 and $17.72, with an estimated average price of $16.1. The impact to his portfolio due to this purchase was 19.31%. His holdings were 39,916,259 shares as of 06/30/2008. EMC Corp. has a market cap of $23.39 billion; its shares were traded at around $10.51 with a P/E ratio of 15.42 and P/S ratio of 1.46.

EMC Corporation and its subsidiaries design manufacture market and support a wide range of hardware and software products and provide services for the storage management protection and sharing ofelectronic information. These integrated solutions enable organizations tocreate an enterprise information infrastructure or what EMC calls anE-Infostructure. EMC is the leading supplier of these solutions which comprise information storage systems software and services.

Bill Ackman also bought Dr Pepper Snapple Group Inc., Longs Drug Stores Corp. during the 3-months ended 06/30/2008

For the details of Bill Ackman's stock buys and sells, go to Bill Ackman's buys and sells

Rating: 3.1/5 (7 votes)


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