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: JDN who wrote (4610)	3/2/1999 8:07:00 AM
From: John Carragher	Read Replies (1) \| Respond to of 17183

today's wsj March 2, 1999 EMC Takes Aim at Microsoft With New NT Storage Devices By JON G. AUERBACH Staff Reporter of THE WALL STREET JOURNAL EMC Corp. launched a new generation of storage devices aimed at users of Microsoft Corp.'s fast-growing Windows NT operating system. EMC, which makes computer hardware for business applications, said the National Association of Securities Dealers and Citigroup Inc., both big users of machines with Windows NT software, had agreed to purchase the new storage system. Although EMC has had great success in recent years selling stand-alone storage devices that work with multiple operating systems, its penetration of the NT market accounts for less than 10% of its revenue. That's partly because connections to a single EMC storage box have been limited to 32 computer servers, or processors, and NT networks typically involve many more machines. EMC's new products include a network switching device that quadruples server capacity to 128. The new products also include a storage device that holds nine terabytes of data, equivalent to 2.25 billion pages of text, and is priced at as much as $4 million. EMC's largest box before Monday's announcement held six terabytes of data. With the new system, EMC hopes to surpass NT storage leaders including Compaq Computer Corp. As NT grows more sophisticated, analysts expect more large business users to adopt it instead of Unix and mainframe operating systems. Sales of servers based on Windows NT grew about 30% last year to $8 billion, analysts say. EMC, Hopkinton, Mass., is the leading seller of stand-alone storage devices that use disk drives, with 1998 revenue of about $4 billion. In a conference call Monday, EMC Chief Executive Officer Michael C. Ruettgers said the new products would help the company reach its goal of $10 billion in sales by 2001 by broadening sales within companies beyond traditional mainframe storage.