EMC Infrastructure Speeds Rollout of Web-Based Financial Services for Morgan Stanley Dean Witter.

HOPKINTON, Mass.--(BUSINESS WIRE)--April 27, 1999--

Cutting-Edge EMC Software Enhances Availability,

Streamlines Management of Core Business Applications

EMC Corporation, the world's leading provider of enterprise storage systems, software and services, today announced that Morgan Stanley Dean Witter, a leading global financial services firm, is implementing an information infrastructure around EMC Enterprise Storage systems and software to accelerate the roll out of new Web-based financial services.

"There are huge revenue-generating opportunities for companies that can successfully blend financial services with the rapid-fire information delivery nature of the Web," explained Gary Hegedus, Morgan Stanley Dean Witter's Senior Vice President and Chief Information Officer. "The extremely reliable and flexible Internet infrastructure we have built around EMC Enterprise Storage enables us to respond more quickly to these opportunities, serve our customers better, and avoid the multi-million dollar revenue losses that can occur when Web sites are down."

Morgan Stanley Dean Witter is implementing EMC Enterprise Storage to provide 7.5 million customers with Web access to portfolio performance statements 24 hours a day, seven days a week.

"Our new Web portfolio performance application consumes mammoth amounts of storage across both our mainframe and Windows NT environments," noted Hegedus. "Consolidating it all onto EMC allows us to more flexibly and cost-efficiently manage our storage requirements and bring this new service to market more quickly. EMC's exceptional reliability also assures us that we can satisfy our customers' growing demand for around-the-clock access to financial data and other services that we offer."

Based in New York, Morgan Stanley Dean Witter also relies on EMC Enterprise Storage for all of its computing applications, including workflow management, information delivery, mutual funds, trust services and Year 2000 testing. To ensure even greater data availability and protection, Morgan Stanley Dean Witter uses EMC Data Manager (EDM) backup and restore solution and EMC TimeFinder software to back up and protect its core applications.

"Our applications have grown to be so huge that there are simply not enough hours in the day to conduct backups on an individual server basis," explained Hegedus. "Centralizing our backups with EDM has dramatically decreased our business risk by making our data more secure. With TimeFinder, we have reduced the time it takes to back up major databases from almost 12 hours to nearly zero. We now back up our systems more frequently and cost-effectively and with less disruption to our online operations."

EDM with the Symmetrix Path option provides a direct connection between the EMC Symmetrix storage systems and Morgan Stanley Dean Witter's secondary storage systems to back up IBM Netfinity servers running Windows NT in a Microsoft Cluster environment. This approach completely offloads data from the network, thereby enhancing the speed of backing up applications. EMC TimeFinder is integrated with EDM to produce point-in-time backup copies of Morgan Stanley Dean Witter's mission-critical databases while they are in production, further enhancing data availability.

Morgan Stanley Dean Witter also ensures high information availability through EMC's Symmetrix Remote Data Recovery (SRDF) software, which mirrors data between its primary and backup data centers located 20 miles apart. According to Hegedus, SRDF has reduced the amount of time to recover full operations at its disaster recovery site from 12 hours to 30 minutes.

"Morgan Stanley Dean Witter's decision to utilize our technology is further evidence that EMC Enterprise Storage has become the premier information infrastructure for storing, managing, and protecting the torrent of information streaming onto the Internet," said Bob Dutkowsky, EMC's Executive Vice President of Markets and Channels. "The superior reliability, flexibility, and performance of EMC Enterprise Storage gives Morgan Stanley and other leading companies the ability to more quickly and cost-efficiently manage change, pursue growth opportunities, and discover new ways to enhance customer service."

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 http://www.EMC.com.

EMC and Symmetrix are registered trademarks and EMC Enterprise Storage, SRDF, EDM and EMC TimeFinder are trademarks of EMC Corporation. Other trademarks are the property of their respective owners.