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To: Sig who wrote (7726)	6/6/2002 1:55:00 PM
From: stockman_scott	of 13815

EMC: Dell to Make, Sell New Low-Cost Storage Device Thu Jun 6, 1:08 PM ET BOSTON (Reuters) - EMC Corp. said on Thursday it is entering the low-end of the data-storage industry by way of a deal with Dell Computer Corp., which agreed to make and sell a new storage device for the world's No. 1 data-storage firm. "We have a handshake," EMC Chief Executive Joe Tucci told analysts at a meeting in New York City, describing the agreement with Dell. Dell has become increasingly important to EMC's strategy to lower costs and penetrate new markets as some of EMC's rivals have taken some of its revenue in the high end market. Tucci said details still need to be worked out, but said Dell , the world's second largest PC maker, can make the new device anywhere it sees fit. No time line has been given for the launch of the product. EMC also will look to its other partners to sell the device. EMC , whose flagship storage device can cost more than $1 million, does not have a product in the low-end market. The company's bread and butter market has been selling refrigerator-sized machines to the world's largest corporations.

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