Can EMC Find Growth Beyond Hardware?
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It has outgrown mere storage. Now it wants to manage every part of the corporate data flow. Has any computer company had a more dramatic reversal of fortune in the past three years than EMC Corp.
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NearTek buy: can anyone say leverage? EMC has extended its relationship with its virtual tape library (VTL) software partner FalconStor until 2013. The storage monster's manoeuvrings last year, however, may reveal how EMC put the squeeze on during negotiations.â¦
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EMC led the overall storage software market in the second quarter, with a 32.5% revenue share, up 3.4 percentage points over the same quarter of 2003, according to IDC. Veritas held on to its second-place position in the market.
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BOSTON -- EMC Corp.'s fourth-quarter profit jumped 35 percent, beating Wall Street expectations, but the data storage vendor's results were overshadowed by disappointment over a technology firm in which EMC owns a majority stake.
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By Ross Kerber, The Boston Globe  Feb. 16--A major shareholder wants EMC Corp.
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Data storage company EMC Corp. of Hopkinton acquired Dantz Development Corp. of Walnut Creek, Calif., the latest move by EMC to strengthen its presence in small and midsize markets.
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Symmetrix goes solid EMC will be the first major storage vendor to add solid-state drives for its high-end gear. The company said it will offer flash-based memory from STEC in its Symmetrix DMX-4 systems by the end of March.â¦
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EMC Corp.'s third-quarter profit jumped 77 percent, driven by growing sales of data storage software and hardware as well as a hefty gain from selling an ownership stake in fast-growing software maker VMware Inc.
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Celerra, Centera, Clariion and Symmetrix lines get overhaul EMC is expected to announce a high-end Symmetrix storage system Monday, in addition to a slew of upgrades for its existing storage gear.â¦
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By Hiawatha Bray, The Boston Globe  Feb. 8--EMC Corp. of Hopkinton plans to turn virtual software into real  cash.   The company will sell 10 percent of its California software subsidiary  VMware Inc. in an initial public offering this year.
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Here&#39;s the skinny: The EMC Storage Router made its debut at Storage Network World here this week, but only in ballroom demonstrations (see EMC on Virtualization: Wait for Us).
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Outsourcing is a word we hear more and more these days, but according to EMC Chairman and CEO Joe Tucci, it&#39;s one that&#39;s used too much.&quot;I think outsourcing is an over-used word. I think what you are going to see more of is companies willing to outsource a business process. So for instance, in EMC we outsource all our payroll but we outsource the entire process, not just the IT process. So I think you are going to see a lot more of that. I think you are not going to see wholesale take everything. I think that market is slowing down,&quot; he said.Tucci was speaking during a news conference on the sidelines of his company&#39;s EMC Forum event.He said outsourcing of specific functions, such as PC backup which EMC offers through its Berkeley Data Systems unit, is where he sees success in outsourcing.&quot;I see business process outsourcing speeding up, I see a slowdown in wholesale &#39;take my whole datacenter, take my applications and you do it for me.&#39; I think that market is not going to be a robust market,&quot; he said.Last week the data-storage company reported a&#160;third quarter net income&#160;of $493 million, up more than $200 million over the same period last year. Revenue jumped to $3.3 billion from $2.8 billion. The company was helped during the quarter by the&#160;sale of a partial stake&#160;in virtualization software maker VMware to Cisco Systems.&#160;EMC acquired VMware&#160;in 2003.Tucci said EMC might look at further acquisitions but is now focused on companies that will help grow its existing businesses.&quot;My philosophy is that I want to stay focused on what I call these eight spheres of technology, so acquisitions that we do would basically make some of these spheres stronger rather than put another sphere on the board,&quot; he said. The eight areas he referred to are: intelligent information management, enterprise content management, virtualization, resource management, storage, availability, security, and archiving.&quot;That being said, eventually we will add a new sphere but that&#39;s not my immediate attention,&quot; Tucci said.During the news conference Tucci also confirmed that Mark Lewis has become president of the company&#39;s Documentum unit. Lewis was previously chief development officer for EMC.
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EMC plans to introduce a line of solid-state drives using flash memory as an option to replace some disk drives...
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EMC Corp. widened its lead as the world's top seller of data storage computers over Hewlett-Packard Co. and International Business Machines Corp. in the second quarter, researcher Gartner Inc. said. In the second quarter, EMC's sales of the machines that organize and retrieve data rose to 23.1 percent of the worldwide market, or $745.6 million, from 20.6 percent a year ...
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EMC's IPO of VMware could have far-reaching financial implications, including additional money for EMC to retain and hire talent, and a massive 50% market cap boost.
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(InfoWorld) - Global IT expansion this year is expected to be modest, but vendors that demonstrate nimbleness and creativity are being rewarded. Market indices have declined as traders brace for a slowdown after corporate share prices rose steadily over the past seven months. But IT investors are still jumping on the bandwagon for companies that are seen making wise investments and restructuring decisions. Traders applauded EMC's decision, announced Wednesday,Â to offer 10 percent of its VMware virtualization software subsidiary in an IPO. Despite a general market downturn Thursday due to concerns over the U.S. housing market, EMC shares were trading at $14.58 Thursday afternoon, up by $0.99. The spin-off lets the public inject cash into a part of the company offering trendy virtualization technology while allowing users and investors to more easily analyze the core traditional storage business, which many analysts feel is undervalued. Hewlett-Packard shares also remained high this week in the wake of its Monday announcement thatÂ it will buy business transactions monitoring software supplier Bristol TechnologyÂ for an undisclosed amount. HP said Bristol will help strengthen its business technology optimization product offerings. Cisco Systems shares jumped Wednesday,Â after it issued its earnings report Tuesday, and stayed high. Cisco is doing well in several key areas. Beating analyst forecasts for sales last quarter, Cisco reported that revenue increased more than 27 percent to $8.4 billion and profit grew 39.7 percent to $1.9 billion, compared to the year-earlier quarter. Key to company growth were storage products and developing markets -- precisely what market observers are looking for. Brokerage Robert W. Baird & Co. upgraded Cisco to "outperform" from "neutral." User demand for security, storage, wireless devices, and server optimization technology remains high, analysts say. Small businesses and developing economies are forecast to be the main drivers of growth. "The opportunity to provide SMBs with advanced technology will continue to grow significantly throughout the world in 2007," according to the report, from Ray Boggs, vice president for Small/Medium Business and Home Office research at IDC. Companies positioning to capitalize on trends are even, sometimes, forgiven losses. Even though ISP EarthLink Tuesday reported a fourth-quarter loss of $24.8 million, compared with a year-earlier profit of $29.2 million, it got kudos for making efforts to target growth opportunities. "The industry is shifting, and it is focusing on new opportunities like broadband, wireless Internet and Internet telephony in a variety of marketplaces around the USA, " said telecom analyst Jeff Kagan. EarthLink's loss was mainly attributed to its investment in Helio, the company's wireless joint venture with South Korea's SK Telecom. Despite the loss, Goldman Sachs analyst Anthony Noto upgraded the stock to "neutral" from "sell." "We believe the flexibility of the company to cut these investments or restructure via a leveraged buyout, management buyout or recapitalization limits the downside," Noto wrote in a research note. Â
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IBM  on Friday will take aim at the heart of data storage equipment leader EMC Corp.'s  market with a product that will allow EMC buyers to switch to IBM.