EMC Extended Storage Management Software Market Lead in 2004, Analyst Firm Reports; EMC Posted Largest Share Gain Among the Ten Largest Suppliers; #1 for Sixth Consecutive Year.HOPKINTON, Mass. -- 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 leader in information storage and management, was the #1 provider of storage management software based on new license revenue for the sixth consecutive year in 2004 and gained the most revenue share among the ten largest providers, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a new report released by Gartner (a). In 2004 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. extended its worldwide storage management software lead by more than two percentage points, reaching 29.5% new license revenue market share. EMC grew new storage management software license revenue 21.2% during the year, nearly twice the market growth rate of 12.3%. Howard Elias, EMC Executive Vice President of Corporate Marketing and Office of Technology, said, "EMC's storage and information management software continues to differentiate us from the storage software industry pack. We believe our 2004 growth was fueled by our ability to help customers of all sizes save money, reduce complexity, mitigate mit·i·gate v. To moderate in force or intensity. mit i·ga tion n. risk, comply with government regulations, and better support
their businesses. We expect this trend to accelerate as we leverage our
broadened portfolio of systems, software and services to help customers
implement information lifecycle management Information Lifecycle Management refers to a wide-ranging set of strategies for administering storage systems on computing devices. Specifically, four categories of storage strategies may be considered under the auspices of ILM. ."
The new Gartner report comes less than a week after EMC reported results for the first quarter of 2005. EMC's software license and maintenance revenues grew 26% compared to the first quarter of 2004, representing 37% of total EMC revenues (Read "EMC Reports First Quarter Results" at http://www.emc.com/Q105). About EMC EMC Corporation (NYSE NYSE See: New York Stock Exchange : EMC) is the world leader in products, services and solutions for information storage and management that help organizations extract the maximum value from their information, at the lowest total cost, across every point in the information lifecycle. Information about EMC's products and services can be found at www.EMC.com. EMC is a registered trademark of EMC Corporation. Other trademarks are the property of their respective owners. (a) Source: Gartner Dataquest "Market Share: Storage Management Software, Worldwide, 2004", C. DiCenzo. April 2005. This release contains "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " 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) adverse changes in general economic or market conditions; (ii) delays or reductions in information technology spending; (iii) risks associated with acquisitions and investments, including the challenges and costs of integration, restructuring restructuring - The transformation from one representation form to another at the same relative abstraction level, while preserving the subject system's external behaviour (functionality and semantics). and achieving anticipated synergies; (iv) competitive factors, including but not limited to pricing pressures and new product introductions; (v) the relative and varying rates of product price and component cost declines and the volume and mixture of product and services revenues; (vi) component and product quality and availability; (vii) the transition to new products, the uncertainty of customer acceptance of new product offerings and rapid technological and market change; (viii) insufficient, excess or obsolete inventory Obsolete Inventory Term that refers to inventory that is at the end of its product life cycle and has not seen any sales or usage for a set period of time usually determined by the industry. This type of inventory has to be written down and can cause large losses for a company. ; (ix) war or acts of terrorism; (x) the ability to attract and retain highly qualified employees; (xi) fluctuating fluc·tu·ate v. fluc·tu·at·ed, fluc·tu·at·ing, fluc·tu·ates v.intr. 1. To vary irregularly. See Synonyms at swing. 2. To rise and fall in or as if in waves; undulate. v. currency exchange rates; and (xii) 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. EMC disclaims any obligation to update any such forward-looking statements after the date of this release. |
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