Feeds

EMC puts great store in the future

New products combine with big plans for revenue growth

  • alert
  • submit to reddit

Internet Security Threat Report 2014

EMC today launched its new enterprise storage network (ESN) products in the UK, while predicting it would see $10 billion worldwide revenue by 2001. The high-end storage giant announced a Storage Area Network (SAN) package aimed at centralising data into managed areas. These included its Connectrix ESN system, a fibre channel network device with 64 ports that connects EMC Symmetrix systems and servers. It also launched a new range of Symmetrix storage systems. These have a higher capacity, with over nine terabytes in one system. Also included in the launch were several software packages, including Connectrix Management software, Symmetrix embedded software, PowerPath - which balances channel traffic -and InfoMover software, which adds Windows NT support to EMC's existing software. It also announced the EMC ESN professional services - a move to get EMC consultants to help customers plan, design and implement this new technology. All products and services were available from today. EMC said overall storage demand was growing by 100 per cent per year. With customers wanting to put more data on one unit, capacity needed to be expanded - such as in the new Symmetrix products. Michael Ruettgers, EMC president and CEO, said his company's goal was for sales to reach $10 billion by 2001. 1998 showed turnover at $3,973 million, with net income at $793 million. However, Ruettgers pointed out that even if EMC sustained flat growth, its 35 per cent market share would bring in the required $10 billion. He estimated the overall market by 2001 to be $35 billion, saying there was currently 90 per cent annual growth in terabytes. Ruettgers also said EMC planned 40 per cent European growth. Klaus Eger, IDC analyst, said the market was moving toward SAN, but that today's products were not as revolutionary as EMC was claiming. He added: "EMC's prediction of $10 billion revenue is reasonable. Regarding software, it has been taking market opportunity away from IBM, but the SAN market it still difficult to predict." ®

Choosing a cloud hosting partner with confidence

More from The Register

next story
MI6 oversight report on Lee Rigby murder: US web giants offer 'safe haven for TERRORISM'
PM urged to 'prioritise issue' after Facebook hindsight find
Assange™ slumps back on Ecuador's sofa after detention appeal binned
Swedish court rules there's 'great risk' WikiLeaker will dodge prosecution
NSA mass spying reform KILLED by US Senators
Democrats needed just TWO more votes to keep alive bill reining in some surveillance
'Internet Freedom Panel' to keep web overlord ICANN out of Russian hands – new proposal
Come back with our internet! cries Republican drawing up bill
What a Mesa: Apple vows to re-use titsup GT sapphire glass plant
Commits to American manufacturing ... of secret tech
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
Driving business with continuous operational intelligence
Introducing an innovative approach offered by ExtraHop for producing continuous operational intelligence.
Why CIOs should rethink endpoint data protection in the age of mobility
Assessing trends in data protection, specifically with respect to mobile devices, BYOD, and remote employees.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.