EMC Extended Storage Software Market Share Lead in Fourth Quarter, Report Says; EMC, World's Leading Storage Software Provider, Grew Revenue in Every Major Storage Software Segment.Business Editors/High-Tech Writers HOPKINTON, Mass.--(BUSINESS WIRE)--March 15, 2004 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. extended its storage software lead in the fourth quarter of 2003, 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. data released today by IDC (1). 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. outpaced the total storage software market and extended its #1 position over the next closest provider to lead with 31.7% revenue share. EMC continued to lead two of the three major storage software segments during the quarter, Storage Resource Management (SRM (1) (Storage Resource Management) The management of the storage resources in an organization in order to avoid duplication of files and to determine space utilization across all servers. ) and Storage Replication. In the Backup and Archiving software segment EMC was the revenue growth leader among the three largest vendors and outpaced each of its four closest competitors on an annual growth basis for the fourth quarter. For the full year 2003, EMC also led the total storage software market, growing revenue more than two and a half times the market rate, and led the Storage Replication and SRM software segments. EMC was the only SRM provider of the top nine to gain share, extending its lead by 8 points to 49.3% revenue share. Howard Elias, EMC's Executive Vice President of Corporate Marketing and Office of Technology, said, "EMC steadily increased its share of the storage software market throughout 2003 by helping customers implement and derive real business and cost benefits from 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. . Fourth quarter share growth came from EMC capitalizing on its ability to deliver a complete solution for customers' varied information lifecycle management needs." Elias continued, "LEGATO (Legato Systems, Inc., Mountain View, CA, www.legato.com) A leading provider of storage management and high-availability software founded in 1988 and acquired by EMC Corporation in 2003. Legato software, including Celestra data management (data mining, data migration, etc. Software's accelerated growth throughout 2003 concluded with record revenues in the fourth quarter, a near 100 percent increase in the rate of customer migrations away from its largest competitor and the addition of more than 1,400 new LEGATO customers during the year. In the fourth quarter LEGATO's technological leadership in backup and restore played a key role in EMC's delivery of integrated information protection and recovery across heterogeneous, tiered networked storage." 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. About LEGATO Software, a division of EMC LEGATO Software, a division of EMC Corporation (NYSE: EMC), is a global provider of open, enterprise-class software solutions and services for Information Management - helping organizations simplify management and control of information, and enable business continuity and compliance at the lowest TCO (1) (Total Cost of Ownership) The cost of using a computer. It includes the cost of the hardware, software and upgrades as well as the cost of the inhouse staff and/or consultants that provide training and technical support. See ROI. . LEGATO's information protection, automated availability, and messaging and content management solutions are delivered through a worldwide network of strategic partnerships and alliances, as well as a direct sales force. LEGATO's headquarters are located at 2350 West El Camino Real El Camino Real (Spanish for The Royal Road or The King's Highway) was the name of a series of pre-automobile highways linking the various New World colonies of Spain:
(1) Source: IDC's Worldwide Quarterly Storage Software Tracker Q4 2003; EMC figures reflect the combined results of EMC and LEGATO. 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) risks associated with strategic investments and acquisitions, including the challenges and costs of integration, restructuring and achieving anticipated synergies associated with the acquisitions of LEGATO Systems, Inc., Documentum, Inc. and VMware, Inc.; (ii) adverse changes in general economic or market conditions; (iii) delays or reductions in information technology spending; (iv) the transition to new products, the uncertainty of customer acceptance of new product offerings, and rapid technological and market change; (v) 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. ; (vi) competitive factors, including but not limited to pricing pressures; (vii) component quality and availability; (viii) the relative and varying rates of product price and component cost declines and the volume and mixture of product and services revenues; (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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