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Technology Stocks : EMC How high can it go? -- Ignore unavailable to you. Want to Upgrade?


To: bob gauthier who wrote (7228)7/26/1999 10:39:00 AM
From: bob gauthier  Respond to of 17183
 
Monday July 26, 10:14 am Eastern Time

Company Press Release

EMC Delivers World's First Direct Disk-To-Tape Backup and Restore
Solution for Windows NT Data

"Server-less" and "LAN-less" Backup for Windows NT with EMC Data Manager Symmetrix Connect

HOPKINTON, Mass.--(BUSINESS WIRE)--July 26, 1999-- EMC Corporation, the world's leading provider of enterprise storage systems, software and
services, today announced significant enhancements to EMC Data Manager (EDM), the company's premier solution for extremely high-speed, flexible backup and
restore of enterprise data. The company announced the addition of Windows NT support for the highest-performance EDM configuration - EDM Symmetrix
Connect.

EDM Symmetrix Connect now serves the high-speed backup and restore needs of the exploding amounts of online Windows NT data. Customers now can use
EDM Symmetrix Connect to protect their centralized Windows NT data with no impact to either host CPU cycles (''Server-less'') or network bandwidth
(''LAN-less'',) enabling Windows NT applications like Microsoft Exchange, SQL server and Oracle to continue processing and servicing users across the network.
EMC has been shipping ''Server-less'' and ''LAN-less'' backup and restore capabilities through its EDM Symmetrix Connect for UNIX servers for more than two
years.

EDM Symmetrix Connect now offers high-speed, consolidated backup and restore for Windows NT data, providing users with faster recovery time. Because it is
consolidated in one location, users can locate and restore their data more quickly than with traditional stand-alone tape drive solutions. In addition, centralization of
Windows NT data backups provides ease of management and enables reductions in both administrative resources and capital costs.

Michael C. Ruettgers, EMC President and CEO, said, ''The rapid consolidation of widespread Windows NT data is having a sweeping effect on business. The
most adept companies will grab onto this trend, quickly build the infrastructure to exploit it, and use it to their advantage. EMC Enterprise Storage solutions like
EDM are playing a central role in shaping this infrastructure to ensure that information, regardless of platform, is available to run the business all day, every day.''

EDM Symmetrix Connect user Glenn Mallard, Technical Specialist at Capital Health, said, ''Capital Health comprises 7 major hospitals, each demanding 24x7
system uptime and the ability to perform backup and restore without impacting network or server performance. EDM handles these requirements with ease. This is
particularly important for Windows NT applications, like Microsoft Exchange, which have reached mission critical status for our business.

''The speed of the new EDM Symmetrix Connect for NT is nothing short of amazing,'' Mallard added. ''For instance, where previous methods ate up a 7- or
8-hour dedicated backup window, we're now able to back up our entire Microsoft Exchange environment in fifteen minutes with the InfoStore offline for
approximately ninety seconds, or one hour with the InfoStore online the entire time. And with the new interface and ease-of-management features, we now can
dedicate fewer technical people to manage backup configuration and operation.''

According to an October 1998 study published by Dataquest, storage functions previously associated only with traditional data center operating systems -- data
integrity, disaster recovery, and backups while applications remain online -- are now the top three criteria being demanded to support Windows NT environments.
In many instances, the lack of advanced high-performance backup solutions has restricted the amount of storage that could be connected to NT servers. Through
today's announcement, EMC now provides very high-speed EDM Symmetrix Connect backup and recovery for consolidated Windows NT data.

EDM Symmetrix Connect enables customers with large volumes of data stored on EMC Symmetrix Enterprise Storage systems to overcome the performance
restriction imposed by traditional backup methods. EDM Symmetrix Connect provides backup for terabytes of information on multiple Symmetrix systems at
hundreds of gigabytes per hour, exponentially faster than possible over the IP network. Through tight integration with EMC business continuity software, including
EMC TimeFinder and Symmetrix Remote Data Facility, EDM Symmetrix Connect performs backups with no impact to the production environment.

Finally, EMC introduced greater flexibility and ability for customers to leverage existing investments through EDM support for ADIC Scalar 1000 tape libraries,
IBM Magstar and Quantum DLT tape devices, and ADIC Scalar 218 tape libraries with Quantum DLT devices. Also, EDM now supports partitioning of Sony
Petasite library drives via auto-configuration, enabling different drives to be reserved for different EDM systems connected to the same library, thus simplifying
identification of files.

About EDM

EDM is a centralized, high-speed, high-capacity open systems backup and restore solution comprising unique EMC software, hardware and professional services.
EDM configurations include: 1) EDM Symmetrix Connect, providing ''server-less'' and ''LAN-less'' (direct disk-to-tape) backup and recovery of
Symmetrix-resident Windows NT data and very large UNIX databases at hundreds of gigabytes per hour; 2) EDM Symmetrix Path, providing open, ''LAN-less''
backup and recovery of large UNIX and Windows NT databases at server-channel speeds, including Symmetrix- and non-Symmetrix-resident data (host-resident
data can reside on the host or in non-EMC storage devices and be backed up by EDM Symmetrix Path); and 3) EDM Enterprise Network, an online
network-based EDM solution for simultaneous backup and restore across the network for all major UNIX operating systems as well as Windows NT, Novell
NetWare, IBM OS/2 and others.

Availability

All EDM capabilities announced today are available immediately.

EMC Corporation, a Fortune 500 company 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 statements about products that are ''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) a failure by any supplier of high
density DRAMs, disk drives or other components to meet EMC's requirements for an extended period of time; (ii) delays in the development of new technology and
the transition to new products; (iii) the historic and recurring ''hockey stick'' pattern of the Company's sales by which a disproportionate percentage of a quarter's
total sales occur in the last month and weeks and days of each quarter; (iv) the ''hockey stick'' pattern of the Company's sales, making it extremely difficult to predict
near-term demand and adjust production capacity accordingly; (v) competitive factors, including but not limited to pricing pressures, in the computer storage market;
(vi) economic trends in various geographic markets and fluctuating currency exchange rates; (vii) the relative and varying rates of product price and component cost
declines; (viii) deterioration or termination of the agreements with certain of the Company's OEMs or resellers; (ix) risks associated with acquisitions; (x) Year 2000
issues; (xi) other one-time events and other important factors disclosed previously and from time to time in EMC's other filings with the U.S. Securities and Exchange
Commission.

Contact:

EMC Corporation
Dave Farmer, 508-435-1000 (Ext. 77206)
farmer_dave@emc.com



To: bob gauthier who wrote (7228)7/26/1999 10:54:00 AM
From: bob gauthier  Read Replies (2) | Respond to of 17183
 
Monday July 26 10:46 AM ET

IBM Takes On EMC With New Storage Systems

By Eric Auchard

NEW YORK (Reuters) - IBM Corp. Monday said it is introducing a new generation of high-volume data storage systems as part of a bid to recapture momentum
from EMC Corp. (NYSE:EMC - news), the dominant storage systems provider -- in a business IBM pioneered decades ago.

IBM said the new Enterprise Storage Server (ESS) -- code-named ''Shark'' -- is designed to provide large organizations a means of handling their exploding data
storage requirements which are being fueled by spiraling Internet use.

IBM said the new product line can handle from 420 gigabytes, or billions of bytes of data, up to 11 terabytes, or trillions of bytes, the highest capacity in the industry.

The new storage systems, together with a refreshed line of storage tape backup products, help some of the world's largest organizations record and track the
massive volumes of information they create daily.

IBM said the Enterprise Storage Server is designed to grow with customer requirements and to incorporate the latest storage innovations with a modular, ''snap-in''
design that allows users to add additional storage capacity over time.

Ron Kilpatrick, IBM Storage Systems Division general manager, said, ''With the Enterprise Storage Server, IBM is delivering a clear vision and technology road
map that customers can count on as they continue to implement data-intensive applications.''

The products compete with those of EMC, in recent years the leader in developing so-called ''open'' storage systems that are designed to work with all major
computer systems. EMC owns a 35 percent share of the market, while IBM has around 20 percent.

Most corporate data storage systems are built by computer makers to work mainly with their own computer systems, IBM's new product included.
Hewlett-Packard Co. (NYSE:HWP - news) and Sun Microsystems Inc. (Nasdaq:SUNW - news), for example, also offer specialized storage systems to work with
their own machines.

But IBM's new storage products can work with computers and high-speed network delivery systems across IBM's product line-up, including mainframe,
workstation, minicomputer and PC servers that manage networks of other computers.

Rivals have been quick to attack the new IBM storage line. EMC has said that IBM's products remain focused on providing storage for IBM-based computers,
rather than working across a range of rival computer systems, as EMC's products do.

''They are going to go out and eat their own children,'' Bob Dutkowsky, EMC executive vice president of markets and channels, said last week during a conference
call with analysts following his company's quarterly earnings report.

He was referring to how the new ''Shark'' products could cannibalize IBM's existing storage products business.

In introducing the new products, IBM is once again competing against its technical partner of recent years, Storage Technology Corp. (NYSE:STK - news) ''Unlike
'Jaws,' we knew this was coming,'' a StorageTek spokesman said Monday.

In response, StorageTek introduced a campaign to encourage its 6,000 customers who use IBM and StorageTek products in creating instant ''snapshots'' of
computer data to stick with StorageTek, which will continue to support these existing products while IBM prods customers to adopt its ''Shark'' storage designs.

With the introduction of the Enterprise Storage Server, IBM said it is reasserting its position as the most comprehensive and innovative supplier of storage solutions
in the industry.

IBM, which invented computer disk storage in the 1950s, was behind many of the innovations in data storage since then, as the computer maker sought more
efficient methods for handling the vast amount of customer data stored on IBM mainframes.

To stoke support for the new products, IBM said Monday it is also announcing a worldwide deferred payment program for 1999 from IBM's Global Financing unit
for qualified customers who finance their installation of Enterprise Storage Servers.

The offer gives customers a payment deferral until at least Jan. 1, 2000, so they can install and use the new storage technology without affecting their 1999 budgets.

In early trading Monday, shares of IBM sank $1.50 to $123.25, while EMC traded $2 lower at $59.75 and StorageTek drooped $1.44 to $21.69, all on the New
York Stock Exchange.



To: bob gauthier who wrote (7228)7/26/1999 11:01:00 AM
From: JRI  Read Replies (2) | Respond to of 17183
 
<EMC holding up well> Agreed. Looks like a lot of folks bought when EMC dipped back to 59, waiting for IBM announcement, 1st sign of weakness....bounceback huge!...Today's price action is big because, IMO..it means (at least to me) that the market is (FINALLY) seeing EMC as the real leader here, and that the mere mention of others' entering EMC's space is no longer a reason for a sell-off...they (competitors) will have to prove, financially, that they are slowing EMC down..this they will not do...so what is going to slowdown this stock? Besides the lame historical period for techs (August/September), not much...despite this calender period, think we will still do well (even if market lame)...

A whole host of investment gurus, rags have been touting EMC recently..things are looking bright... 70 will come in short order..