EMC

(EMC)

, the leading data-storage company, was down 4.9% at midafternoon after tumbling as much as 8% earlier, despite recent reports that it would make it through the year unscathed.

UBS Warburg

analyst Charlie Wolf told

Reuters

the company was getting the same dressing down given recently to other pillars of the tech sector:

Oracle

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,

Cisco Systems

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and

Sun Microsystems

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. EMC was the most actively traded

NYSE

stock at midday.