Accelerated Growth in Asia Pacific Region Propelling EMC to New Heights.Business/Technology Editors SINGAPORE--(BUSINESS WIRE)--Feb. 8, 2000 Enterprise Storage Leader Achieves First $100 Million Quarter in Region, Plans Further Expansion, Investment EMC Corporation EMC Corporation (NYSE: EMC) is an American Fortune 500 and S&P 500 manufacturer of software and systems for information management and storage. It is headquartered in Hopkinton, Massachusetts, USA. , the world's leading provider of enterprise storage systems, software and services, today announced that its record performance in the fourth quarter of 1999 was highlighted by the company's strongest growth in recent years in the Asia Pacific region. Asia Pacific sales of EMC (1) (EMC Corporation, Hopkinton, MA, www.emc.com) The leading supplier of storage products for midrange computers and mainframes. Founded in 1979 by Richard J. Egan and Roger Marino, EMC has developed advanced storage and retrieval technologies for the world's largest companies. Enterprise Storage systems, software and services grew by more than 60% in the fourth quarter compared with the fourth quarter of 1998, surpassing $100 million in quarterly storage revenue in the region for the first time. (These results do not include the products and operations of Data General, acquired and integrated by EMC during the fourth quarter.) EMC's expanding presence in the region includes new customer service and support centers in Tokyo and Sydney (opened during 1999), the EMC Japan Technology Center (opened in late 1998), and sales and services offices in Japan, the People's Republic People's Republic n. A political organization founded and controlled by a national Communist party. of China, Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. , Singapore, Korea, Taiwan, the Philippines, India, Thailand, Malaysia, Australia, and New Zealand New Zealand (zē`lənd), island country (2005 est. pop. 4,035,000), 104,454 sq mi (270,534 sq km), in the S Pacific Ocean, over 1,000 mi (1,600 km) SE of Australia. The capital is Wellington; the largest city and leading port is Auckland. . James Sullivan For other persons named James Sullivan, see James Sullivan (disambiguation). James Sullivan (April 22, 1744, Berwick, Maine - December 10, 1808) was a U.S. political figure. In 1776, Sullivan was a State court judge in Massachusetts. , EMC's Senior Vice President of Asia Pacific Sales, said, &uot;EMC is becoming a major technology presence throughout Asia Pacific. In the second half of 1999 we achieved our most significant advances ever, as hundreds of the most innovative organizations around Asia Pacific recognized the need for a mission-critical, highly available information infrastructure to take full advantage of the Internet-driven business opportunities that are sweeping the region. More than 10% of our Asia Pacific business in the fourth quarter came from Internet-related applications, led by a sharp increase in Japan's e-business activity.&uot; &uot;During 1999 we nearly doubled the number of sales and support professionals in the region, and we plan to hire more than 200 additional professionals during 2000,&uot; Sullivan continued. &uot;The impact of these investments is clear, and we are gaining market share in every country where we have invested in the Asia Pacific region.&uot; EMC's Asia Pacific customers during the fourth quarter included NTT DoCoMo (NTT Mobile Communications Network, Inc., Japan) Founded in 1991, NTT DoCoMo is a spinoff of Japan's NTT (Nippon Telegraph and Telephone Corporation) which provides wireless services, including cellular, paging, satellite and maritime and in-flight telephone services. , which relies on EMC Enterprise Storage to manage the information behind its tremendously successful I-Mode service; NEC (NEC Corporation, Tokyo, www.nec.com, www.necus.com) An electronics conglomerate known in the U.S. for its monitors. In Japan, it had the lion's share of the PC market until the late 1990s (see PC 98). NEC was founded in Tokyo in 1899 as Nippon Electric Company, Ltd. Biglobe and Fujitsu NIFTY, Japan's two largest Internet Service Providers Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. , and Toshiba Corporation (company) Toshiba Corporation - A Japanese technology manufacturer with 364 subsidiaries worldwide. Toshiba makes and sells electronics for home, office, industry and health care including information and communication systems, electronic components, heavy electrical apparatus, ; The Bank of China and China Mobile Bureau; Development Bank of Singapore and Starhub, Singapore's newest info-communications provider; Lassesters, CVSI and ABN Amro in Australia; Korea Development Bank Korea Development Bank (KDB), a wholly state-owned policy bank, was founded in 1954 in accordance with The Korea Development Bank Act for the purpose of financing and managing major industrial projects to expedite industrial development and enhance the national economy. and Hansol M.com's Mobile Internet Service in Korea; and Bank Bumiputra-Commerce in Malaysia. EMC's record corporate results for the 1999 fourth quarter and full fiscal year were announced on January 26, and are available at www.EMC.com. 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, networks, and services. The company's products store, retrieve, manage, protect and share information from all major computing environments, including Unix, Windows NT, Linux and mainframe platforms. The company has offices worldwide, trades on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbol EMC, and is a component of the S& 500 Index. For further information about EMC and its storage solutions, EMC's corporate web site can be accessed at http://www.EMC.com. This release contains &uot;forward-looking statements&uot; 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 and server markets; (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 resellers or OEMs; (vii) the uneven pattern of quarterly sales; (viii) risks associated with strategic investments and 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. |
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