EMC Corporation Announces Two-for-One Stock Split; Annual Meeting of Stockholders, Live Video Web Streaming Expected to Attract Record Number of Worldwide EMC Investors.

Business/Technology Editors

HOPKINTON, Mass.--(BUSINESS WIRE)--May 3, 2000

EMC Corporation (NYSE:EMC), the world leader in information storage, today announced a two-for-one stock split in the form of a 100% stock dividend. The record date for the stock split will be May 19, 2000, and the distribution date will be June 2, 2000. EMC is hosting its Annual Meeting of Stockholders today in Southborough, Mass., for the first time providing live video web streaming for investors worldwide.

"We are at the dawn of the information age," said EMC Chief Executive Officer Mike Ruettgers. "The impact of information on the growth of the global economy and the way people live is only beginning to be felt. EMC is at the center of this phenomenon, providing the most advanced information infrastructure technology to businesses and other organizations around the world. Information storage spending is forecasted to grow at a faster rate than any other technology infrastructure category over the next few years and we expect to extend our leadership position."

"Our role in the information economy is making EMC one of the most recognized stocks among individual investors," Ruettgers continued. "This split will lower our share price and make EMC stock even more accessible to investors who are seeking the perfect blend of old-economy strength and new-economy innovation."

The stock split will be EMC's sixth since 1992. EMC's most recent stock split, a two-for-one, was in May 1999. EMC stock began trading publicly in 1986. A stockholder who bought 1,000 shares of EMC stock at the company's initial public offering in April 1986 at $16.50 per share, for a total investment of $16,500, and held the stock would own 36,000 shares today valued at more than $5 million (based on the closing price of $139.6875 on May 2, 2000).

During the 1990s, EMC achieved the highest single-decade performance of any listed stock in the history of the New York Stock Exchange. From January 1, 1990, through the close of trading on May 2, 2000, EMC stock has risen more than 103,000% -- more than any U.S. publicly traded company over that time period (based on the closing price of $139.6875 per share on May 2, 2000).

EMC Corporation (NYSE:EMC) is the world leader in information storage systems, software, networks and services, providing the information infrastructure for a connected world. Information about EMC's products and services can be found at http://www.emc.com.

This release contains "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) 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) the ability to attract and retain highly qualified employees; 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.