A breakout year for EMC
EMC Chairman, President and Chief Executive Officer Joe Tucci said during the earnings call that "2007 was truly a breakout year for EMC. We exceeded all of the aggressive financial targets we set out to achieve at the beginning of the year. "The highly successful partial IPO of VMware clearly met its key goals. And we further organized around our 'One EMC' initiative to interlock and drive more technology and product integrations across our Information Storage, Content Management and Archiving, and RSA Information Security business units, making it much easier for our customers and partners to do business with EMC.""EMC is well-positioned in IT growth areas, such as the continuing growth of storage and server virtualization, with strong products and excellent service support as well as solid sales and marketing organizations," Hill said. "Unless some external event affects its growth areas unexpectedly, EMC seems more than capable of keeping up the pace of record revenues each quarter." What new challenges does EMC face this year in the market? "Large competitors such as HP, IBM, NetApp, and Sun continue to battle EMC on a number of business fronts and so each point of market share is well contested, yet EMC continues to do very well overall," Hill said. "EMC should be able to meet any competitive challenge, but the state of the world economy may be a challenge." EMC's storage market leadership and financials are impressive, Hill added. "The ability to acquire and assimilate a large number of acquisitions over the past years as well as continuing to do well in internal development activities is really very commendable," Hill said.
David Hill, principal analyst of The Mesabi Group, told eWEEK that he believes EMC can indeed continue to sustain its high-pressure, breakneck financial pace.