To All: Just received this summary of EMC news from EMC via E-mail. I think if I owned NTAP I would be getting very nervous. JDN
EMC.com E-News Week ending April 28, 2000
EMC Delivers Infrastructure for a Limitless World Major New Products to Help Customers Reach "Escape Velocity"
April 25, 2000 - Today EMC unveiled an unprecedented suite of new products that together expand the EMC E-Infostructure, helping customers gather information from any source, grow it to any scale and accelerate their business to any speed. Launch highlights include the largest and fastest information storage system ever introduced, enhanced software enabling unbridled data movement and the expansion of the EMC Enterprise Storage Network, which now allows for Network Attached Storage to be pulled into the world of SANs. Read Lots More emc.com
Read the specific product releases:
Major New Products to Help Customers Reach "Escape Velocity" emc.com
Software Delivers Unbridled Data Movement, Central Management emc.com
New Storage Systems Lineup Forms Bedrock of EMC E-Infostructure emc.com
Enterprise Storage Network Brings "NAS" Into the World of "SAN" emc.com
Check the website throughout the week for media coverage of EMC's new products
*************** Earnings, Earnings, Earnings:
EMC Posts 50 Percent Earnings-Per-Share Growth EMC Storage Revenue Up 34% Over Year-Ago First Quarter
April 18, 2000 -- EMC Corporation, the world's leading provider of enterprise storage systems, software and services, today reported accelerated growth in revenue and net income for the first quarter of 2000. Read More emc.com
Media Coverage: Reuters: Data Storage Giant EMC Profits Up Sharply my.aol.com
CBS MarketWatch: EMC Sees Big Rise in Profit cbs.marketwatch.com
PC Week: EMC Delivers Strong Quarter zdnet.com
*************** In-Depth Coverage from EMC News:
At A Crossroads The Auto Industry Races to Shake its Old Economy Image
April 17, 2000 -- Faced with shrinking market shares and lower profits per car, the U.S. auto industry is dramatically redefining how it conducts business. Placed squarely at the heart of the so-called "Old Economy," and all that goes with that often-burdensome moniker, the auto industry is borrowing from the New Economy in a race to streamline operations. Read More emc.com
*************** EMC News Releases:
04/25 - EMC Rolls out New Products (see lead story above) emc.com
04/20 -- EMC Extends EMC Proven Program to Solutions Integrators emc.com
04/19 -- EMC Enterprise Storage Network Forms Core of Kelly Services' Centralized Info Infrastructure emc.com
04/18 - EMC Reports 50% EPS Increase on Accelerated Revenue Growth for First Quarter emc.com
*************** Good Reading:
COMPUTERWORLD: Delays Send IBM's Shark Aground, Boost EMC computerworld.com
CBS MarketWatch: Goldman Sachs Names "Super Seven" Stocks cbs.marketwatch.com
*************** Taking Stock:
Strong first-quarter earnings have Wall Street analysts continuing to tout EMC as the storage stock to own. Merrill Lynch put it this way: "The biggest risk for investors is not being in the (EMC) stock. It's boring but true -- no one is close to knocking off EMC today, and the market opportunity is huge."
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