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EMC Reiterates Positive Outlook for 1999; Extensive Customer Surveys Indicate No Anticipated Decline in Storage Spending
BusinessWire, Thursday, April 15, 1999 at 12:57
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
KEYWORD: MASSACHUSETTS
INDUSTRY KEYWORD: COMED COMPUTERS/ELECTRONICS
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