However the valuation in the government's books is 407p per share - a fairly chunky difference.

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Separately, Banc of America Securities moved EMC into the top slot of its tech picks, one spot ahead of IBM, jumping on the current valuation following a 19% drop in the data storage company's share price since March.

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Separately, Banc of America Securities moved EMC (nyse: EMC - news - people ) into the top slot of its tech picks, one spot ahead of IBM (nyse: IBM - news - people ), jumping on the current valuation following a 19% drop in the data storage company's share price since March.

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