Word: emce
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...most of the past 10 years, data storage has been synonymous with EMC, the company based in Hopkinton, Mass., whose growth shadowed the e-commerce boom and whose market share last year reached 35%--three times greater than Compaq's. Thought by many to be untouchable, the company's stock slid through 2001, the result of new competitive pressures and a slowing economy. EMC revealed in July that its second-quarter earnings had fallen 71%. A week after the terror attacks, EMC forecasted a loss for the first time in 11 years and announced 2,400 layoffs. Still, the company...
...best-known players in the storage industry are the ones that peddle big iron: EMC, Hitachi Data Systems, IBM and Hewlett-Packard sell global companies $100,000-per-terabyte, refrigerator-size cabinets stocked with software on whirling discs that bring order, accessibility and protection to proprietary data. Veritas sells much less expensive software packages that back up data on other companies' hardware and that companies such as IBM Global Services and SunGard use to facilitate disaster recovery...
...even as companies generate proprietary data at the rate of a Library of Congress once a month, the slumping economy has forced them to slash spending on information technology. And that pushes companies like EMC to diversify out of hardware, which has become a commodity business with less differentiation among products, and in which competition has compressed gross profit margins to about 30% to 40%. The manufacturers now see software's charm--or more specifically the charm of its 80% to 90% margins. In 1999 software composed just 10% of EMC's revenue; in the second quarter...
...EMC competes with Veritas in data replication, and the two are expected to compete even more as EMC moves into storage-management software. Veritas, which is often sold along with EMC, Sun, IBM or HP systems, runs its programs off storage hardware and the servers that make up enterprises' local-area networks. For that reason and because it does not have a vested interest in selling any hardware of its own, Veritas is compatible with many brands. EMC, on the other hand, already boasts the largest companies as its customers. EMC says its software will eventually manage others' equipment...
...Sept. 25, HP, which has a partnership with cabinetmaker Hitachi, completed its $310 million purchase of StorageApps, a company based in Bridgewater, N.J., that competes with Veritas in making tools that allow companies to pool their storage devices and access unused space. Last month EMC bought Luminate Software of Redwood City, Calif.--its seventh software acquisition in nearly two years...