Defending your company & stock holders EMC style....
dailynews.yahoo.com
Tough-Talking EMC Undaunted By Challengers
By Tony Munroe
FRANKLIN, Mass. (Reuters) - Big Blue may be circling with its new, fierce-sounding ''Shark'' data-storage line, but market-leader EMC
Corp. (NYSE:EMC - news) sought to reassure investors Thursday that it expects to remain the big fish in the fast-growing storage sector.
Describing its sales force as ''feared'' and its customer focus ''maniacal,'' EMC executives told a gathering of nearly 300 Wall Street analysts that the company does
not foresee any competitor ready to close the company's leadership gap.
To make its point, Hopkinton, Mass.-based EMC included aerosol cans of ''Shark Repellent'' (actually Silly String) in the cache of party favors distributed to each
guest.
Last week, International Business Machines Corp. (NYSE:IBM - news) launched a bid to reclaim ground in the storage business, which it pioneered, with the
introduction of its Enterprise Storage Server, called ''Shark.''
But to attack EMC, President and Chief Executive Michael Ruettgers told the audience, a competitor would have to take on EMC's product, service and
distribution capabilities, ''and frankly, we don't see anybody poised to do that.'' |
