A clip on emc in Barrons today
A well-known beneficiary of the data explosion is EMC, a firm that sells its
disc-drive arrays for mainframe computers, and in so doing, successfully
competes with IBM itself. Shares in EMC nearly tripled last year on the New
York Stock Exchange, recently reaching their all-time high of $95, before
closing last week above $93. The Hopkinton, Massachusetts, firm's sales
roared 37% to $1 billion in the quarter ended last September, with earnings of
$201 million, or 38 cents a share.
Last year, the amount of data stored on networked systems of personal
computers and related servers surpassed that on mainframes for the first time,
boasts Edward Cooper, spokesman for Palo Altobased Legato. Measured in
dollars, sales of storage-management products for networks also surpassed
sales of the mainframe stuff. EMC, trying to adapt to this shift, is adroitly
serving up new disc arrays that can be used with personal-computer
networks. |
