EMC Reiterates Positive Outlook for 1999
Thursday April 15, 12:40 pm Eastern Time
Company Press Release
Extensive Customer Surveys Indicate No
Anticipated Decline in Storage Spending
HOPKINTON, Mass.--(BUSINESS WIRE)--April 15, 1999--EMC Corporation today
announced that recent surveys of hundreds of customers indicate that enterprise storage
spending will remain strong throughout 1999. The company reiterated its expectation that
revenue and net income growth will exceed 30% in 1999, as organizations continue to rely on
EMC's leadership enterprise storage systems and software to provide the infrastructure for
their growing volumes of information.
EMC continually surveys customers regarding future spending intentions and their overall
satisfaction with EMC products and services. The results of the latest survey, which included
more than 250 customers and was conducted during the first quarter of 1999, indicate robust
demand throughout 1999.
EMC Corporation, based in Hopkinton, Massachusetts, is the world's technology and market
leader in the rapidly growing market for intelligent enterprise storage systems, software and
services. The company's products store, retrieve, manage, protect and share information from
all major computing environments, including UNIX, Windows NT and mainframe platforms.
The company has offices worldwide, trades on the New York Stock Exchange under the
symbol EMC, and is a component of the S&P 500 Index. For further information about EMC
and its storage solutions, EMC's corporate web site can be accessed at
emc.com.
This release contains ''forward-looking statements'' as defined under the Federal Securities
Laws. Actual results could differ materially from those projected in the forward-looking
statements as a result of certain risk factors, including but not limited to: (i) component quality
and availability; (ii) delays in the development of new technology and the transition to new
products; (iii) competitive factors, including but not limited to pricing pressures, in the
computer storage market; (iv) the relative and varying rates of product price and component
cost declines; (v) economic trends in various geographic markets and fluctuating currency
exchange rates; (vi) deterioration or termination of the agreements with certain of the
Company's OEMs or resellers; (vii) the uneven pattern of quarterly sales; (viii) risks associated
with acquisitions; (ix) Year 2000 issues; and (x) other one-time events and other important
factors disclosed previously and from time to time in EMC's filings with the U.S. Securities and
Exchange Commission.
Contact:
EMC Corporation
Mark Fredrickson
508-435-1000 x77137
fredrickson_mark@emc.com |
