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Articles about Joe Tucci

Joe Tucci EMC

Trouble closing the wallet, Joe? EMC boss Tucci's cloudy shares rain $10m

EMC CEO and chairman Joe Tucci has earned himself a cool $10.5m after selling hundreds of thousands of shares in the storage biz. Tucci made $10,583,406.96 from selling 400,000 EMC shares on 30 July and 1 August, according to the SEC Form 4 website, which links to this SEC filing. Tucci's transaction consisted of selling 192, …
Chris Mellor, 05 Aug 2013
Joe Tucci EMC

EMC succession: You can't Tucci this

Joe Tucci’s time at the top of the EMC tree is not up for at least another two years, maybe more. Back in 2011/2012 there was a lot of attention paid to who would succeed him at the top of the EMC tree. All that has gone away. Joe Tucci Joe "Isn't life great" Tucci Stifel Nicolaus analyst Aaron Rakers reports on EMC boss Joe …
Chris Mellor, 24 Mar 2014
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Could Joe Tucci's parting shot at EMC be to SELL OFF VMware?

A sharp-eyed industry analyst has spotted that cloudy virtualisation biz VMware's SEC filings mention the words “spin-off”. What's going on here? Aaron Rakers, the MD of analyst house Stifel Nicolaus, picked up the following sentence in VMware’s November 2013 SEC Form 10-Q filing: …that for as long as EMC or its successor-in- …
Chris Mellor, 13 Jan 2014
Joe Tucci EMC

Tech starfleet: Will EMC Federation survive a Tucci departure?

Will the tripartite EMC federation set up by Joe Tucci survive his retirement in six months' time? He is the chairman and overall CEO of EMC. The three federated businesses are: EMC Information Infrastructure (EMC II) led by David Goulden who is also overall EMC CFO VMware led by Pat Gelsinger Pivotal led by Paul Maritz Joe …
Chris Mellor, 12 Sep 2014
Crystal ball via http://www.manoftaste.de/

So, Mystic Joe Tucci: Is a hyper-converged tool in EMC's future?

EMC could be getting into hyper-converged systems via VMware and software-defined hardware components, though the storage firm is yet to confirm industry rumours. So far neither the parent company nor virtualisation juggernaut VMware has substantiated reports by CRN on "Project Mystic", supposedly a more converged appliance than …
Chris Mellor, 19 Mar 2014
Doomsday clock

Federation fracture: EMC's post-Tucci future is either SALE or SPLIT

Winter has come early for EMC, with hordes of barbarian activist investors pounding at the gates as CEO Joe Tucci's long reign comes to an end. Snowdrifts are building up against the boardroom's windows, blotting out the C-suite's previous sunny vista. One immediate example of EMC's fortunes changing is the reported collapse of …
Chris Mellor, 25 Sep 2014

EMC revenues are up. But, hey Joe, I heard you shot your profits down...

EMC sold a record $5.9bn of products and services in its second 2014 quarter, representing a stately five per cent year-on-year increase in sales - and a $400m boost over the first quarter of this year. EMC’s second quarter revenues are generally higher than its first quarter. Net income was $589m, 16 per cent down on profits a …
Chris Mellor, 23 Jul 2014
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EMC's hunt for Joe Tucci replacement continues

EMC's CEO succession looks to be in trouble with no clear internal successor to Joe Tucci who is just months away from retirement. Could EMC look outside the company for its next CEO? In January the EMC board invited Joe Tucci to stay on for another year instead of retiring. Why did they do that? There were several prospective …
Chris Mellor, 23 May 2012

EMC's big kahuna Tucci threatens to cling on until 2015

Joe Tucci, the chairman and CEO of EMC, is staying on at least until 2015, dashing the hopes of company execs who have their eyes on the top job. Joe Tucci, EMC, standing Storage giant EMC filed an 8K form with the US Securities and Exchange Commission that states Tucci will remain the head honcho until at least February 2015. …
Chris Mellor, 10 Sep 2012
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EMC supremo Joe Tucci to quit as CEO

EMC CEO Joe Tucci, the long-serving boss of the world's largest storage company, has confirmed he will step down by the end of next year. Talking to the WSJ, he said that at the end of 2012, he will become the chairman of the company, but only for two years – while the new CEO beds in, as it were. Tucci said he would do some …
Chris Mellor, 26 Sep 2011

Gather round, EMC's ol' man Tucci knows Big Data's 'killer app'

Joe Tucci, EMC boss and non-Oracle oracle speaking at Oracle OpenWorld, said that predictive real-time analysis would be the killer Big Data application. EMC's big kahuna was key-noting on the second day at the event, following on from Larry Ellison's opening session on the first day, where Ellison gloated over Oracle's …
Chris Mellor, 03 Oct 2012
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Cloud rains cash for EMC: VMWare win means Tucci's team can take it easy

EMC did the business in its second calendar 2013 quarter, notching up solid gains in revenues and profits. Revenue was propped up by brisk trade in cloud virtualisation services from VMware and sales of scale-out NAS storage from its Isilon unit. The RSA and Information Intelligences groups slowed EMC down a smidge, however. …
Chris Mellor, 24 Jul 2013
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EMC boss Tucci in lucky escape from poverty

EMC boss Joe Tucci has managed to escape poverty by the skin of 8.2 million teeth; he has just cashed in his stock options for a cool $8.2m. The Boston Business Journal notes that Tucci exercised stock option rights and bought 575,000 EMC shares for $12.85 to $13.18 and then, what a wheeze, sold them at once for $27.46 each, …
Chris Mellor, 26 Jul 2011

EMC announces record revenues: But hey, Joe, where're the profits?

Hardware, virtualisation and services giant EMC has announced its first-quarter results for 2013 and while its finances are broadly positive, the devil's in the detail. EMC's revenues for the first quarter of 2013 were a record $5.39 billion - lower than Wall Street's estimates - and its profits were down by a smidge. The mid- …
Chris Mellor, 24 Apr 2013

EMC is shopping for Indian startups

EMC has revealed that it's set aside US$2.3 billion for acquisitions, and is tagging the startup sector in India as one target for its shopping expeditions. The company has told India's The Economic Times in India that it has a particular eye for startups in that country. Chirantan Desai, who heads up EMC's emerging technology …
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EMC calls sudden event to reveal 'New business development'

EMC has given US media less than 24 hours notice of an event at which it will announce a “new business development”. The event will take place at 0930, Eastern Time, an hour after the company announces its Q3 earnings. Bloomberg reports the announcement will be Cisco's departure as an active participant in the VCE joint venture …
Simon Sharwood, 21 Oct 2014
Beans

David Goulden tosses away CFO cap, holds onto EMC II CEO crown

EMC Info Infrastructure boss David Goulden has given up the role of CFO for the whole EMC federation, belatedly discovering what most of us know already — being a chief exec is a full-time job. EMC uber-CEO Joe Tucci runs the EMC fed with three subsidiaries: VMware with CEO Pat Gelsinger; Pivotal with Paul Maritz running the …
Chris Mellor, 02 Oct 2014
Joe Tucci EMC

EMC, HP blockbuster 'merger' shocker comes a cropper

EMC has been holding secret merger talks with HP that have since stalled, according to industry sources. The negotiations are said to have lasted almost 12 months, during which Dell executives mulled buying parts of EMC. But at the heart of the discussion was a proposed $132bn merger of the storage giant and HP, according to …
Chris Mellor, 22 Sep 2014
Road to SW-defined storage

Cloudfather Tucci meets with EMC clan, analysts to talk strategy

EMC and VMware held their so-called Strategic Forum - aka analysts' day - in New York yesterday with capo di Famiglia Joe Tucci setting out the overall stall and his lieutenants setting out their own strategic imperatives. We saw David Goulden for EMC - now called EMC II - and Pat Gelsinger for the cloud and software-defined- …
Chris Mellor, 18 Mar 2013
Joe Tucci EMC

EMC II CEO David Goulden leaves VMware board

David Goulden, chief executive officer of of EMC Information Infrastructure and chief financial officer of EMC, has left VMware's board. Goulden will be replaced by Paul Sagan, a partner executive-in-residence at venture capital outfit General Catalyst Partners. Sagan is also on EMC's board and is a former CEO of Akamai. The …
Simon Sharwood, 08 Apr 2014
Top brass at EMC:

Goulden FINALLY bags EMC's storage CEO spot

David Goulden has got the EMC storage CEO job title at last, putting him on a level footing with Paul Maritz, platform-as-a-service outfit Pivotal's CEO, and Pat Gelsinger, VMware's CEO. We're told the 54 year old Goulden is an 11-year EMC veteran, who was EMC’s chief financial officer for seven years and then, when Gelsinger …
Chris Mellor, 09 Jan 2014
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EMC boss Tucci’s last battle: Stopping a forced VMware selloff

With Joe Tucci, EMC head honcho, set to retire on February next year, the very last thing he wanted was an attack by one of the biggest, baddest activist investors of all: Paul Singer’s Elliott Management. Elliott has communicated to EMC that it has a $1bn investment in its shares and would like VMware spun off so that EMC …
Chris Mellor, 22 Jul 2014

Shouty investor Elliott makes PUBLIC CALL for VMware sale

Activist investor Elliott Management, the holder of a billion dollars' worth of Hopkinton shares, has publicly called for a VMware sale in a letter to EMC's CEO and board. Its release has been nicely timed to closely follow on from HP's decision to split itself into an printer and PC company on the one hand (HP Inc) and a …
Chris Mellor, 08 Oct 2014
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Tucci to hang around another year as EMC earnings soar

EMC recorded record revenues and profits for the full year and final quarter of 2011, although Information Intelligence results didn't look so clever. The company sold a massive $20bn worth of products and services last year, an 18 per cent jump on 2010. It earned $2.5bn profit which, to put it in context, is a good deal more …
Chris Mellor, 25 Jan 2012
Joe Tucci EMC

Humdrum Documentum momentum makes EMC glum? Off alone into the scrum it should be spun

An analyst at 451 Research has suggested EMC set its Information Intelligence Group and its Documentum software free by spinning them off or selling them. Documentum and its parent Information Intelligence Group (IIG) have regularly underperformed business-results-wise compared to EMC's other divisions. 451 analyst Alan Pelz- …
Chris Mellor, 07 Mar 2014
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Activist investor plans to de-federate EMC: report

Activist investors have taken a billion-dollar stake in EMC in order to break apart its federation and spin out VMware, according to The Wall Street Journal. Quoting folks familiar with the matter, The Journal says Elliot Management Corporation, an outfit financial rating service Hoovers describes as a hedge fund that "takes an …
Simon Sharwood, 21 Jul 2014

VMware's high-wire balancing act: EVO might drag us ALL down

In the battle for the software-defined data centre, one of VMware's challenges is how to deliver software-defined/controlled storage without screwing up parent EMC's hardware-based storage revenues. VMware is an overall EMC Federation member along with Pivotal and the EMC Information Infrastructure (EMC II) unit. The three are …
Chris Mellor, 26 Aug 2014
Cisco's UCS customer count over time

Cisco doesn't make hyper-converged gear, but if it did, it'd probably look like this

Cisco is big in converged systems but nowhere in hyper-converged ones. What we mean by that is that Cisco is big in converged systems, such as VCE's Vblocks and the Cisco-NetApp FlexPods, but it doesn't have systems in the Nutanix and Simplivity class, which are more integrated than the Vblock and Flexpod systems. Now that Dell …
Chris Mellor, 02 Jul 2014
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Microsoft CEO shortlist down to EIGHT ... appropriately enough, perhaps

Microsoft's search committee has reportedly drawn up a shortlist of eight candidates to replace Steve Ballmer. Reuters reports the list includes three internal candidates: prodigal returner Stephen Elop, former Skype leader Tony Bates and cloud and enterprise supremo Satya Nadella. The one outsider Reuters mentions as having …
Simon Sharwood, 06 Nov 2013
Joe Tucci EMC

Storage overlord EMC announces growth, plans to slash 1,000 jobs

Big storage beast EMC closed its 2013 fiscal year with impressive growth in its final quarter but sees lower growth in the future. It also announced 1,000 layoffs on the way in Q1 as it rebalances towards flash, integrated systems, mobile and cloud computing. According to EMC, the staff cuts are down to its internal rejigging to …
Chris Mellor, 30 Jan 2014
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EMC's next CEO - a Tucci subject

One man holds all the reins of executive power at EMC - Joe Tucci, chairman, president and CEO. He says management succession planning is a key item - but there is no visible succession plan at EMC. At all. A person familiar with the situation asks: "What is he (Tucci) doing about this? Who is lined up to take over? There is no …
Chris Mellor, 29 Mar 2009
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F-Secure won't speak at imperialist lackey RSA's 2014 conference

Fallout from the allegation that RSA helped the NSA undermine crytpography standards is spreading, with Finnish security vendor F-Secure uninviting itself from the 2014 edition of RSA's eponymous conference. The reason, says F-Secure's chief research officer Mikko Hypponen, is that RSA is an imperialist running dog. His strongly …
Simon Sharwood, 24 Dec 2013
Joe Tucci EMC

EMC: 'Hardware? We stopped doing that YEARS ago'

Storage titan EMC doesn't really believe in hardware any more – the value is in the software. The company has been on a shift for the past decade to wean itself off of a dependency on proprietary gear, and has instead been pouring resources into developing clever software, EMC head honcho Joe Tucci told The Register at EMC World …
Jack Clark, 07 May 2013

Cisco edges away from VMware, tries Red Hat on for size

From co-operation to co-op-etition and then competition: it's happening in front of our eyes with EMC and Cisco. The choreography involves Cisco working more and more with Red Hat and its KVM server hypervisor and less with EMC subsidiary VMware's ESX. Red Hat is joining in with Cisco and working with its OpFlex protocol in …
Chris Mellor, 04 Apr 2014

Top dog EMC’s dilemma: Seasonal dip or long-term problem?

One swallow doesn’t make a summer nor one frost a winter. Does the dramatic drop in EMC’s VMAX revenues represent a long-term change or just a product transition blip? While other parts of EMC Information Infrastructure – the non-VMware and non-Pivotal storage core of EMC’s federation – grew strongly in its first 2014 quarter, …
Chris Mellor, 24 Apr 2014
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EMC supremo succession photo clue

If you are still wondering who is going to be filling EMC CEO Joe Tucci's boots, there is a clue on the storage company's website. In a rolling front-page window showing EMC people talking about the cloud at Oracle World, we see Joe T and what could be his favoured guy. Who can that be? Joe Tucci and Pat Gelsinger Don't stand …
Chris Mellor, 25 Oct 2011
Isilon 3-node S200

Federal squeeze hits EMC as revenues and profits nose downwards

The US federal spending shutdown has hit EMC's results, causing declines in both revenues and profits compared to the previous quarter. In comparison, rivals VMware saw accelerated double-digit year-over-year revenue growth; no federal shutdown effect visible there. Third quarter revenues of $5.5bn were $100m less than the …
Chris Mellor, 22 Oct 2013
SanDisk 2.5in 32GB internal Flash drive

SanDisk flashes better-than-expected results. Right, let's upend our biz model

Flash card and SSD shipper SanDisk has ended a lovely-looking fiscal 2013 with four quarters of rising revenues and rising profits, contrasting well with the relative disaster that was fiscal 2012. But the company will have to move fast to address falling memory prices. SanDisk revenues and net income to fy2013 Chief …
Chris Mellor, 24 Jan 2014
Open-mouthed Burmese python

ViPR 2.0 sinks EMC's fangs DEEPER into software-defined storage

EMC has added a few sharp fangs to its ViPR product: file services; integration of ScaleIO’s block storage; support for OpenStack and therefore OpenStack-supporting arrays; native HDS array compatibility; and the ability to run on HP’s surprise commodity server hit SL4540. ViPR 2.0 completes the basic promises made by EMC about …
Chris Mellor, 07 May 2014
Joe Tucci EMC

EMC accuses Pure Storage of 'raiding' its people, IP

EMC has accused flashy startup Pure Storage and “numerous former EMC employees” of conducting a “campaign” “to compete unfairly with EMC by, among other things, misappropriating EMC’s Confidential Information and Property, unlawfully soliciting EMC’s customers and raiding EMC of its valuable employees, all in an effort to …
Simon Sharwood, 23 Oct 2013

EMC: 'Nope', XtremIO won't link to back-end arrays

Not being happy with an interview write-up, EMC VP and Global Marketing CTO Chuck Hollis rewrote it in his blog with what he considered to be the right answers. This provided new information, to us, about EMC's coming XtremIO networked flash storage array. Answering the question if it will be possible to connect disk arrays to …
Chris Mellor, 07 Dec 2012

If your bosses tell you you're 'in it together', don't EVER believe them

Tech titan bosses like John Chambers, Meg Whitman and Joe Tucci often deliver tributes to their employees when reporting quarterly business results. Yet they lay employees off. NetApp says it’s a great place to work, and lays people off. Chambers lays thousands off and gets a pay rise. This leaves a faintly sour taste in the …
Chris Mellor, 11 Nov 2013
VMware's outgoing CEO Paul Maritz with incoming CEO Pat Gelsinger looming large

Cloud 'destroys time' and fracking is great innovation

Dell supremo Michael Dell, EMC CEO Joe Tucci, NetApp opposite number Tom Georgens, soon-to-be VMware CEO Pat Gelsinger and his prececessor Paul Maritz have held court on a CEO-only panel at VMworld, largely reciting the same old stuff about how important it is for CIOs to simplify IT so that sysadmins can be unshackled from …
Simon Sharwood, 28 Aug 2012
Joe Tucci EMC

Why do they even call it a backup appliance? Just call it an EMC

In the purpose-built backup appliance market, IDC numbers show EMC reigning supreme in revenue share terms while everybody else basically sucks. Only one rival, Symantec, has a greater than 10 per cent share. Here are the bald revenue share per cent numbers for the fourth 2012 quarter as tracked by IDC's number-crunchers: - EMC …
Chris Mellor, 03 Apr 2013
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EMC, VMware dangle axe over 1,804 workers around the planet

In the week of EMC's self-congratulatory EMC World extravaganza in Las Vegas, the storage giant revealed it will slash 1,004 jobs. The cuts will be felt worldwide in the company's Information Storage, RSA Information Security and Information Intelligence divisions, according to EMC. The redundancies will cost the biz $80m. This …
Chris Mellor, 07 May 2013
EMC Atmos

Old-man EMC stirs from slumber, finds a pile 'o gold under its feet

As last summer drew to a close, EMC was fast asleep in terms of sales growth. But not any more. The tech giant awoke with a jolt during the Christmas quarter to teach a lesson in how storage companies should be run. Revenues in the fourth quarter of EMC's 2012 calendar year rose to a record high: $6.03bn. A year ago they were $5 …
Chris Mellor, 30 Jan 2013
Pinnacle Video Transfer

Behold: Ten storage chieftains whose products hold humanity's data

Who are the ten most influential storage bosses? It should be an easy list to make but what do we mean by influential and should they be currently in post? "Influential" means more than that just "our customers have bought boatloads of our kit!" An influential company's competitors have had to react to its products and strategy …
Chris Mellor, 03 Apr 2013
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EMC in comprehensive reshuffle of top sales chaps

EMC has replaced its sales boss and three top regional sales heads and recruited an OEM/HPC heavy-hitter. Bill Teuber, EMC's vice-chairman, ran EMC's Global Sales and Customer Operations. That role goes to Bill Scannell, now president of global sales and customer ops, who was "driving revenue growth across EMC’s full range of …
Chris Mellor, 17 Jul 2012
The total addressable market for data and cloud platforms, according to EMC

Pivotal a 'cult' led by charismatic visionaries

Pivotal, the EMC-and-VMware spinout, is no ordinary company but is instead akin to a “cult”, according to Melissa Ries, the company's general manager for Asia Pacific and Japan. Ries' domain covers nations including Australia, India and Taiwan and about 15 per cent of the company's 1250 staff. Most are in pre-sales, sales or …
Simon Sharwood, 30 Apr 2013
Brent Spiner signed photo saying 'Big Data'

EMC launches its cloudy Federation with Pivotal big data spinoff

Wall Street events can be pretty boring unless you like money and profits, but there was a moment of levity during EMC's financial analysts meeting that marked the birth of the Pivotal Initiative, the gathering up of big data and application framework assets from EMC and its virtualization minion, VMware. Joe Tucci, EMC's CEO …