Stellar EMC fails to impress investors . . . again
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Maybe the Hulk can help? EMC did its usual double-digit thing during the fourth quarter.â¦
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- Data storage company EMC Corp.'s  subsidiary, VMware, said it expects its initial public offering to be priced between $23 and $25 per share.
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Blog: Bad: AMD lost $600 million this quarter. Good: Chip shipments surged.
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The chipmaker posts record revenue, but profits go lower. You're not really surprised, are you?
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First, let me gloat.  I bought $49,761 of AAPL on Oct 8.  My investment is now worth $54,933. That's 10.5 percent growth in less than a month. Hah! I bought the stock because I was going to buy everything Apple sold from now until forever. The last product I had yet to purchase was the company's stock. That was a mistake. The beauty of owning the stock is that you can use the increase in value to fund the hardware habit. So far so good.  My very dear friend Sylvia Paull bought an iPod a month ago. In a blog post today she calls it a gateway drug. Having read early reviews of the new operating system, she's ready to buy a 24 inch iMac.  I recognize the signs.  It's like a virus I tell you.
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The software maker is moving along -- but not enough to get investors excited.
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Investors got a good scare, but they're coming back to recoup their losses. Plus: Blockbuster CEO wants his bonus.... Semiconductor sales are up.
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EMC didn't start out as a storage company, unless you consider the drawers in the office desks the company first sold.
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By Ross Kerber, The Boston Globe  Feb. 16--A major shareholder wants EMC Corp.
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Botched guidance annoys this investor.
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Emisphere warrants close attention, although massive profits are not in the near-term cards.
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Earnings from hot new issue Jamdat Mobile don't live up to analysts' expectations.
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Has Energy Conversion Devices managed to deliver on its promising potential? I don't think so.
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After several quarters ofÂ lackluster financial performanceÂ in Asia, EMC executives are looking to get the company's operations back on track.
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(InfoWorld) - After several quarters ofÂ lackluster financial performanceÂ in Asia, EMC executives are looking to get the company's operations back on track. "Our challenge is execution," said Steve Leonard, president of EMC's Asia-Pacific operations. "We have to do a better job of execution, and execution is fixable." During the third quarter, EMC's Asian revenue grew by 6.9 percent, far slower than other regions. The company saw growth of 20.6 percent in the U.S. and 19.4 percent in Europe, the Middle East and Africa during the same period. EMC's other geographical unit, which includes Canada, Mexico and South America, saw growth of 27.1 percent. Still, EMC's financial performance in Asia during the third-quarter was an improvement over previous periods. The company reported revenue growth of 2.2 percent and 1.4 percent during the second and first quarters, respectively. This sluggish growth contrasts with performance in earlier years, when the company posted annual revenue growth in the high teens. Leonard joined EMC in April, after running the Asia-Pacific operations of Symantec, with a mandate to revive the company's business in Asia. "We have asked some members of our team to leave the business, we've asked some team members to take on added responsibility, and we brought in some outside professionals from different companies," he said. Returning to faster growth in Asia will take time, Leonard said, noting EMC is taking a measured approach, looking to first resolve some operational issues before moving on to others. "We're seeing some early indications that some of those things are gaining traction," he said. For example, EMC is rethinking its sales model and is working more closely with channel partners across the region. "In Asia-Pacific, not working closely enough with partners means you miss a lot of territory," Leonard said. "We've re-engineered our partnership program, how we train, and how we reward our partner community." The company also wants to take advantage of its strong market position in storage to sell more software to customers, Leonard said. As part of this process, EMC wants to reinvent itself in the eyes of customers and show how string of acquisitions in recent years have changed the company from a provider of large storage arrays to a vendor that offers a range of products for storing and managing data, he said. Another area where EMC hopes to improve is support. The company is moving to a single support contact for all of its products, a change that should make life easier for customers, Leonard said. "We are improving day by day," he said.
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EMC hopes to shake up the NAS market this week when it announces a low-priced offering that delves into territory staked out by NAS pioneer Network Appliance.
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Don't be too impressed -- great returns don't always mean much.