EMC suffers Q1 drops in profits, revenue
Citing a "a very tough economy," EMC Thursday reported first-quarter earnings that showed a 23 per cent drop in profits and a 9.2 per cent fall in revenue.
Citing a "a very tough economy," EMC Thursday reported first-quarter earnings that showed a 23 per cent drop in profits and a 9.2 per cent fall in revenue.
VMware promises new levels of flexibility in the data center with vSphere, its cloud operating system, but is still promoting vendor lock-in by refusing to support competing virtualization products.
With the RSA Conference cranking up, EMC's security division RSA and Symantec rolled out security product releases Tuesday.
EMC Corp. Tuesday unveiled a high-end Symmetrix storage array that is based on Intel Corp.'s x86 quad-core processors and integrates VMware's APIs to automate the provisioning of storage for virtual machines across multiple tiers of disk drives, from solid-state to SATA.
SandForce Inc. announced today a new family of solid-state disk (SSD) processors that the company claims will allow lower-cost, commodity NAND flash memory to be used in data center operations. The disks will also be faster and more reliable for use in mobile applications, the company said.
EMC is promising a look at the "virtual data center of the future" in an announcement scheduled for Tuesday next week.
EMC Corp. Thursday announced a new family of e-mail archiving and e-discovery applications that can centrally manage multiple content types in order to apply consistent retention, disposition and overall life-cycle management regardless of the hardware platform.
EMC's top five executives, including CEO Joe Tucci, are taking 10% pay cuts, the storage vendor reported to the Securities and Exchange Commission this week.
EMC expects demand for its Mozy online backup service to continue growing, despite the challenging business environment and weak consumer demand, the company's top executive said.
The US Justice Department (DOJ) believes that EMC gave kickbacks to federal IT consultants and overpriced its hardware, software and technology services to the government beginning in the late 1990s.
EMC Monday announced an upgrade to its entire line of Celerra network-attached storage systems, saying it will now offer solid-state disks and file-level data de-duplication on the arrays and its gateway device.
EMC and Microsoft have extended a partnership that focuses on interoperability of products related to virtualization, security and content management, the companies announced this week.
EMC defied the economic doldrums in the fourth quarter of 2008, posting revenue up 5 percent from a year earlier on the strength of its storage systems and the VMware virtualization business.
Five years after purchasing VMware, EMC is becoming more aggressive in selling its own products and services alongside those of its virtualization subsidiary.
Despite expecting to meet revenue estimates for its fourth quarter, EMC said on Wednesday that it is instituting a restructuring program that includes laying off 2,400 people.