BNET Industries
EMC Corp. (EMC) is in the Technology Industry
- Revenue
- Dec 31 2007
- $13.2B
- Profit
- Dec 31 2007
- $1.6B
- Market Cap
- Jul 22 2008
- $25.7B
Latest News and Analysis
EMC's Tucci: Still No Plans To Spin VMware ... Yet
Eric Savitz (Barron's) submits: EMC EMC has current no plans to spin off its majority stake in VMware VMW to shareholders, CEO Joe Tucci said in an interview with Tech Trader Daily this morning. “I’ve been pretty clear that there is no current plan to spin off VMware,...
EMC Profit Rises on Overseas Growth
BOSTON (Reuters) - EMC Corp EMC, the world's biggest maker of corporate storage equipment, posted higher quarterly profit on Wednesday as international sales grew 27 percent and U.S. sales rose 10 percent. EMC shares rose 6 percent in premarket trading after it ...
VMware Forecast Disappoints, Shares Tumble
By Jim Finkle BOSTON (Reuters) - Business software maker VMware Inc VMW issued a revenue outlook on Tuesday that fell far short of expectations, saying customers were delaying purchases or opting for smaller and shorter contracts due to a weak economy. Shares of...
Tuesday Options Outlook: WB, F, AIG, DFS, EMC, INTC, VIX
Rebecca Engmann Darst co-authored this article. Wachovia WB ? Meanwhile, the ?Grand Guignol? to which we alluded earlier continues apace in the financial space today. Implied volatility in Wachovia options rose 21% earlier today after Oppenheimer analyst Meredith Whitney cut her rating on the stock, calling the outlook for...
VMware: Is the Dream Over?
Robin Bloor submits: The valuation the stock market put on VMware VMW never made a great deal of sense. I wrote about this in November The EMC Paradox when the irrational exuberance of the market had driven VMware shares to over $120 and it’s value was approaching that of...
VMWare: Family Squabbles
Zachary Scheidt submits: VMware, Inc. VMW, which is 80% owned by EMC Corporation EMC, made headlines this week when the company fired their CEO Diane Green and lowered their 2008 outlook. While the change in leadership may have caught many by surprise, guidance lower should have been expected...
VMware -- What Is Really (Not Virtually) Going On?
As the smoke clears at VMware, many are trying to figure out exactly what went on as CEO and co-founder Diane Greene was shown the door: Analysts agree that VMware's collapsing stock price and lower revenue warning probably prompted its board to oust Greene. "It is a bit of...
Troubled VMWare's Lowest Close Ever
Eric Savitz (Barron's) submits: Investors continued to shed VMware VMW shares today in the wake of yesterday’s firing of CEO Diane Greene and a reduction in the company’s 2008 outlook. The company, which went public August 13, 2007, at $29 a share, immediately went soaring higher, trading as...
Does EMC Want to Keep Ownership of VMware?
Tech Confidential submits: Nobody saw it coming, but now that VMware Inc. VMW CEO Diane Greene has been replaced some analysts are theorizing that the company's majority shareholder, EMC Corp., EMC was behind the abrupt departure. While VMware has, like so many other companies adapting to the slower...
Tuesday Options Outlook: EMC, XLE, USO, GS, WB, C, CROX, LOGI
Rebecca Engmann Darst co-authored this article. EMC Corp EMC ? News of the departure of VMW founder and CEO Diane Greene and a sharp cutback in its year?s sales guidance had a predictably awful effect on VMWare (whose shares paid a 25% penalty to $40, crashing through the 52...
VMware Board Ousts CEO Diane Greene
Eric Savitz (Barron's) submits: In a shocking development, VMware VMW Tuesday morning announced that the company’s board has ousted co-founder Diane Greene as president and CEO, handing the posts to Paul Maritz, who had been running the cloud computing division at VMware parent EMC EMC. Maritz previously spent 14...
Tech M&A Down 40%, LBOs Down 92%
Eric Savitz (Barron's) submits: A down turn in stock prices and the virtual shut-down of the LBO business has resulted in a sharp reduction in tech sector M&A activity, according to a new report by The 451 Group. In Q2, according to 451 analyst Brenon Daly, overall tech...
StoredIQ raises USD12.2m from S3 and Techxas
File management company StoredIQ has raised USD12.2m of a USD13.1m round from Techxas Ventures and S3 Ventures, says VentureBeat. Founded in Texas seven years ago, StoredIQ helps businesses search, store and organise what is known as "unstructured" information. This refers to all the data from sources such as emails,...
Dell Seeks Ripe Opportunity in Data Storage
Jason Gilbert submits: Dell Inc DELL has been making significant strides into the data storage market, which I believe has been one of the best decisions the company has made of late. After acquiring the storage company Equallogic last year, Dell recently bought the e-mail archiving company MessageOne. Just this...
VMware and Inspur in deal to boost virtualisation in China
Chinese server and software maker Inspur, formerly known as Laochang, has started offering VMware's virtualisation suite as part of a new partnership with the US company. Under the deal, Inspur is selling, distributing and supporting servers bundled with VMware's virtualisation technology. The company, which is based in Shandong, will...
EMC Corporation: Undervalued and Ripe for Buyout
Puneet Gupta submits: Is EMC EMC undervalued? Can that value be maximized through a private equity transaction? I believe so. EMC stock is not a typical stock as it has much more than an operating business under its umbrella. It also has 86% ownership of VMware VMW on its...
22% of VMWare's Float May Trade - UBS
Shares of $24 billion market cap software maker VMware VMW are down over 6%, or $4.50, at $63.50 this morning, as UBS Securities analyst Heather Bellini notes in a report this morning that with an expiration period for lock-up happening this week, an additional 11 million shares of the stock...
EMC Corporation Q1 2008 Earnings Call Transcript
EMC Corporation Q1 2008 Earnings Call Transcript
EMC Corporation Q4 2007 Earnings Call TranscriptB
EMC Corporation Q4 2007 Earnings Call TranscriptB
EMC Corporation Q3 2007 Earnings Call Transcript
EMC Corporation Q3 2007 Earnings Call Transcript
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- Incorporated: 1979
- CEO: Mr. Joseph M. Tucci
EMC develops, delivers and supports the information infrastructure technologies and applications. Co.'s Information Infrastructure business supports customers' information lifecycle management strategies and helps them build information infrastructures that store and protect information. Co.'s Information Infrastructure business consists of three segments: Information Storage, Content Management and Archiving, and RSA Information Security. Co.'s VMware Virtual Infrastructure business provides virtualization applications designed to separate the operating system and application software from the underlying hardware to improveme manageability.
Key Competitors
EMC Corp. Company Info
Board of Directors
Mr. Joseph M. Tucci
Chairman
Mr. Windle B. Priem
Mr. Paul Sagan
Mr. David N. Strohm
Mr. William J. Teuber Jr.
Vice-Chairman
Mr. Michael W. Brown
Mr. Michael J. Cronin
Ms. Gail Deegan
Mr. John R. Egan
Mr. W. Paul Fitzgerald
Mr. Olli-Pekka Kallasvuo
Mr. Edmund F. Kelly
Contact Information
176 South Street
Hopkinton, MA
508 435-1000
NAICS Code
Computer Storage Device Manufacturing: 334112Brought to you by IBMSponsored Resources
