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


To: Michael W. Brom who wrote (6466)5/18/1999 9:21:00 AM
From: bob gauthier  Read Replies (1) | Respond to of 17183
 
Tuesday May 18, 8:58 am Eastern Time
Company Press Release
EMC and VERITAS Software Announce New Storage Management Software Solutions
HOPKINTON, Mass. and MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)-- May 18, 1999--

VERITAS Software Provides Addition to EMC's

Growing Software Portfolio;

New Solutions Deliver Added Information Management and

Protection Capabilities

EMC Corporation (NYSE:EMC - news) and VERITAS Software Corporation (NASDAQ:VRTS - news) today announced two new software solutions, developed by VERITAS Software for EMC, that will enable customers to better manage and protect their critical UNIX and Windows NT-based information residing on EMC Symmetrix Enterprise Storage systems.

The two new products, EMC Foundation Suite by VERITAS and EMC Database Edition for Oracle by VERITAS, integrate industry-leading VERITAS Volume Manager (VxVM) and VERITAS File System (VxFS) with EMC software technology into solutions specifically designed and optimized for EMC's industry-leading Symmetrix Enterprise Storage systems.

These host-based software solutions enable users to easily manage their Symmetrix-based data by providing a bridge between EMC Enterprise Storage systems and Software, such as EMC TimeFinder, and VxVM and VxFS. By linking this VERITAS Software technology with Symmetrix, EMC allows customers to more easily leverage the robust enterprise storage capabilities of Symmetrix. In addition to providing all the general benefits of the VERITAS Foundation Suite, the EMC Foundation Suite by VERITAS allows users to manage advanced EMC software and understand the underlying configuration of their Symmetrix systems, further simplifying the management of enterprise storage.

The EMC Database Edition for Oracle by VERITAS is designed to provide all of the benefits of the EMC Foundation Suite by VERITAS, but also provides integration and performance enhancements with the Oracle database. The combination of EMC, VERITAS and Oracle products allows for seamless, end-to-end integration of the storage subsystem, the host server and the Oracle database.

''EMC is constantly looking to deliver value-added, interoperable solutions that address the mission-critical computing needs of our customers,'' said Robert Dutkowsky, EMC's Executive Vice President of Markets and Channels. ''With these two new host-based products, we continue to provide open storage solutions that help EMC and VERITAS customers manage their growing Windows NT and UNIX environments.''

''As the drive to storage-centric computing continues, VERITAS is committed to developing leading application storage management solutions focused on increasing the availability of enterprise information,'' said Peter Levine, senior vice president, strategic operations, VERITAS Software. ''By working together to develop vendor-specific versions of our popular Foundation Suite and Database Edition for Oracle, VERITAS Software and EMC are able to provide an integrated solution for the increasing number of customers jointly deploying our technologies for their enterprise computing needs.''

VERITAS Software is a member of EMC's Global Alliance program and is a member of the FibreAlliance. The Company is a leading developer of end-to-end storage management software. VERITAS Software's storage management and high-availability products are designed to improve system performance, availability and manageability while reducing the cost of administration.

Availability

Both products are available immediately on Sun Solaris and will be sold and serviced worldwide by EMC. Future versions of the products are scheduled to be available on HP-UX and Windows NT.

About EMC

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.

About VERITAS Software

VERITAS Software Corporation designs, markets and services enterprise storage management and high availability software products that manage both on-line and off-line data for business-critical computing systems. Our products are designed to improve system performance, availability and manageability while reducing the cost of administration. VERITAS products are delivered through a worldwide direct sales force and a network of resellers and OEM partners in North America, Europe, Asia-Pacific and Japan. The company's corporate headquarters is located at 1600 Plymouth Street, Mountain View, CA 94043. Telephone 650-335-8000. Fax 650-335-8050. E-mail vx-sales@veritas.com. WWW site: veritas.com.

This press release may include estimates and forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and 21E of the Securities and Exchange Act of 1934. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products and VERITAS Sofware's ability to appropriately distribute its products, that could cause actual results VERITAS Software achieves to differ materially from such forward-looking statements. For more information regarding potential risks see the ''Risk Factors'' section of VERITAS Software's most recent reports on Form 10-K and Form 10-Q on file with the SEC.

EMC and Symmetrix are registered trademarks and TimeFinder is a trademark of EMC Corporation.

VERITAS is a registered trademark of VERITAS Software Corporation in the US and other countries. The VERITAS logo, VERITAS File System, VERITAS Foundation Suite, VERITAS Database Edition for Oracle and VERITAS Volume Manager are trademarks of VERITAS Software Corporation in the US and other countries. Other product/company names mentioned herein may be trademarks and/or registered trademarks of their respective companies.

--------------------------------------------------------------------------------
Contact:

EMC
Rick Lacroix, (508) 435-1000 ext. 77261
lacroix_rick@emc.com
or
VERITAS
Diana Cartwright, (650) 335-8566
diana.cartwright@veritas.com