Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: John Carragher who wrote (7737)	9/28/1999 10:41:00 AM
From: bob gauthier	Read Replies (1) \| Respond to of 17183

Tuesday September 28, 9:30 am Eastern Time Company Press Release EMC Enterprise Storage to Significantly Improve Speed and Efficiency of Information Sharing For GMAC Financial Services Leader to Implement EMC Software to Increase Availability of Mission-Critical Information HOPKINTON, Mass.--(BUSINESS WIRE)--Sept. 28, 1999-- EMC today announced GMAC Financial Services, a wholly owned subsidiary of General Motors and one of the world's largest financial services companies, is implementing an E-Infostructure with EMC Enterprise Storage systems and software to significantly improve sharing of business-critical information across a growing and increasingly complex IT environment. Through the implementation, GMAC expects to dramatically improve user productivity, more adequately protect its information resources, and reduce data management costs. ''Information is the foundation of our business, there's nothing more important,'' explained James Yohn, Director, Information Systems and Service Operations at GMAC. ''Yet, as the volume of mission-critical data grows and our computing environment becomes more diverse, it has become increasingly expensive and difficult to maintain and share data with other applications and systems. Consolidating our data onto EMC Enterprise Storage has dramatically improved the speed and efficiency in which we access, share, and distribute information throughout the enterprise.'' GMAC is implementing EMC InfoMover data-movement software coupled with EMC Symmetrix Enterprise Storage systems to facilitate information transfer among IBM and Hitachi mainframes and Hewlett-Packard UNIX servers running financial reporting and financial database systems. InfoMover transfers bulk files directly between host systems via the Symmetrix system rather than over the network, freeing up valuable network resources. ''InfoMover will significantly increase the access to and availability of financial information and improve user productivity throughout our enterprise,'' noted Yohn. ''The combination of InfoMover and data consolidation onto EMC Enterprise Storage will reduce data management costs by streamlining information access and management.'' Yohn also noted that the performance benefits of EMC Enterprise Storage is also contributing to more rapid information flow. ''When we connected the Symmetrix system to an HP server, for example, the performance went through the roof. Throughput increased several times over -- providing our employees with much quicker access to the information they need to do their jobs.'' GMAC also is using EMC Symmetrix Remote Data Facility (SRDF) software to generate mirrored copies of critical data as a core component of its business continuity strategy. EMC SRDF software creates real-time mirrored volumes of production site information at the same or physically separate sites. GMAC also plans to implement EMC TimeFinder software to optimize availability by creating real-time mirrored backup copies of active production volumes in background mode without disrupting operations. Bob Dutkowsky, EMC's Executive Vice President of Markets and Channels, said, ''GMAC Financial Services, the leader in a highly competitive, transaction-orientated market, has created a flexible infrastructure that can expand rapidly to meet fast-changing requirements. GMAC is keenly aware that their ability to integrate information across the enterprise is a cornerstone to continued success. With EMC Enterprise Storage, GMAC can build its business around information -- regardless of the form it takes, where it originates, the applications it runs, or which servers they use.'' 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 Index. For further information about EMC and its storage solutions, EMC's corporate web site can be accessed at emc.com. EMC and Symmetrix are registered trademarks and EMC Enterprise Storage, TimeFinder, InfoMover, and SRDF are trademarks of EMC Corporation. Other trademarks are the property of their respective owners.