A breakout year for EMC

By Chris Preimesberger  |  Posted 2008-01-29 Print this article Print

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."

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.

"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.

Chris Preimesberger Chris Preimesberger was named Editor-in-Chief of Features & Analysis at eWEEK in November 2011. Previously he served eWEEK as Senior Writer, covering a range of IT sectors that include data center systems, cloud computing, storage, virtualization, green IT, e-discovery and IT governance. His blog, Storage Station, is considered a go-to information source. Chris won a national Folio Award for magazine writing in November 2011 for a cover story on Salesforce.com and CEO-founder Marc Benioff, and he has served as a judge for the SIIA Codie Awards since 2005. In previous IT journalism, Chris was a founding editor of both IT Manager's Journal and DevX.com and was managing editor of Software Development magazine. His diverse resume also includes: sportswriter for the Los Angeles Daily News, covering NCAA and NBA basketball, television critic for the Palo Alto Times Tribune, and Sports Information Director at Stanford University. He has served as a correspondent for The Associated Press, covering Stanford and NCAA tournament basketball, since 1983. He has covered a number of major events, including the 1984 Democratic National Convention, a Presidential press conference at the White House in 1993, the Emmy Awards (three times), two Rose Bowls, the Fiesta Bowl, several NCAA men's and women's basketball tournaments, a Formula One Grand Prix auto race, a heavyweight boxing championship bout (Ali vs. Spinks, 1978), and the 1985 Super Bowl. A 1975 graduate of Pepperdine University in Malibu, Calif., Chris has won more than a dozen regional and national awards for his work. He and his wife, Rebecca, have four children and reside in Redwood City, Calif.Follow on Twitter: editingwhiz

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