Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 47.14

-6.1%

Feb 10 3:59 PM EST

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To: puborectalis who wrote (114275)	10/18/2000 7:09:47 AM
From: Ibexx	of 186894

Good news from EMC: EMC Reports 47% Growth in Storage Revenue, 55% Rise in Net Income in Record Third Quarter Accelerating Growth Continues On Surging Demand for EMC Networked Storage Solutions HOPKINTON, Mass.--(BUSINESS WIRE)--Oct. 18, 2000--EMC Corporation (NYSE:EMC - news), the world leader in information storage, today reported sharply accelerated revenue growth and a 55% increase in net income for the third quarter of 2000, as organizations around the world continue to build their information foundations with networked storage solutions based on the EMC E-Infostructure. Total storage revenue for the third quarter grew 47% compared with the third quarter of 1999 to $2.14 billion, marking EMC's highest rate of storage revenue growth in more than five years. This accelerated growth was achieved by strong performance across all major product areas, including 61% year-to-year growth in enterprise storage software revenue, 43% year-to-year growth in enterprise storage systems revenue, and 40% year-to-year growth in midrange storage revenue. Storage-related revenue represented 94% of EMC's total consolidated revenue during the third quarter. ........

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