Articles about Joe Tucci

European Union Flag

EMC, Cisco and pals nail colours to the EU Remain mast

American storage seller EMC is the latest tech tanker to tell the good burghers of Britain it wants the country to remain in the EU, and it even did so without mentioning Hitler or ISIS. Outgoing CEO Big Joe Tucci and execs at other big businesses including Cisco, Ford of Europe, Airbus, Mars, IBM UK and Microsoft UK signed a …
Paul Kunert, 20 May 2016
Man loads in blanket into the washing machine. Photo by Shutterstock

EMC results: It'll all come out in the post-Dell deal wash

+Comment EMC saw many pockets of growth in its first fiscal 2016 quarter’s results but overall revenues declined because core legacy product revenues fell, as did RSA and the enterprise content business. These declines more than offset the impressive growth rates of newer products. In the EMC earnings call, CEO and chairman Joe Tucci …
Chris Mellor, 21 Apr 2016
BOLIVIA, UYUNI, 17 SEPTEMBER 2014 - Internet and mobile communications in Uyuni, Bolivia, South America - pic via shutterstock

Cashman steadies ship: EMC revenues shrink, profits fatten

EMC saw a slight revenue decline year-on-year in the first 2016 quarter, with Latin America a trouble spot. Revenues of $5.5bn were 2 per cent down year-on-year from $5.6bn. However profits, of $268m were 6.3 per cent higher year-on-year EMC’s first quarter is seasonally weaker than its fourth quarter and, indeed, the fourth …
Chris Mellor, 20 Apr 2016
Wheel of a sunken ship,  covered in barnacles

Cracks show in VMware exec ranks

Comment The onrushing Dell acquisition of EMC seems to have prompted two senior VMware exec departures. Is Pat Gelsinger's position at the helm secure? VMware is 80 per cent owned by EMC, and Dell will become its new overlord when the acquisition closes later this year. The two high-profile exec departures from VMware signal that, …
Chris Mellor, 11 Apr 2016
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Michael Dell takes $11m pay hit

Michael Dell has taken an $11m (£7.7m) pay cut ahead of the company's $67bn gobble of EMC, according to a filing to US regulator the Securities and Exchange Commission. In January 2016, Michael Dell took home a total package of $2.4m - which included his salary of $950,000. The last available compensation table for Dell's top …
Kat Hall, 31 Mar 2016
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Dell-EMC Federation, stardate 11254.7: What about the storage?

Comment With SEC filings describing the top execs heading the intended Dell-EMC federation, the structure of the storage business becomes clearer. Basically – and surprisingly – there is no change yet. Looking at the roles of the level 2 execs reporting to Michael Dell, we now know: Michael Dell runs the whole show, Joe Tucci …
Chris Mellor, 03 Mar 2016
Michael Dell, photo: Dell

Dell names future leadership team and CloudFather Joe Tucci isn't on the list

Michael Dell has emailed all staff at Dell, the company, to reveal the organisation's leadership team once it acquires EMC. The email starts by saying “We are making strong progress on our plans to combine Dell and EMC … The transaction is on schedule under the original timetable and the original terms.” The mail goes on to …
Simon Sharwood, 02 Mar 2016
EMC Cork's DSSD D5 unit

We've just stepped out of our time machine, and we can reveal ... EMC's new kit for early 2016

Analysis EMC has new storage products coming in both external shared array form and in its converged and hyper-converged systems lines of products, using new VSAN capabilities. These will be announced over the next two quarters and will change the shape of EMC's product lines. We think we now have an overall view of what the mainstream …
Chris Mellor, 01 Feb 2016

This EMC is bereft of expansion, it is formerly increasing ... it is ex-growth

Analysis EMC is now an ex-growth stock. It pulled out its traditional hard-selling fourth quarter, but it achieved 0.7 per cent less than the year-ago quarter. Full-year results, published on Wednesday, were ahead in the annual compare by just 1 per cent. It's been a hard year for the world's number one storage supplier. Fourth …
Chris Mellor, 28 Jan 2016
Torpedo

Two big risks could torpedo Dell-EMC deal

+Comment The Dell-EMC merger deal, with EMC shareholders getting $33.15 per share, was announced on October 12 last year, when EMC shares traded up to $28.35 from September 29’s low of $23.13; they’d been rising since then on rumours of the deal. Now the EMC shares are worth $24.10. The deal involves EMC shareholders getting $24.05 …
Chris Mellor, 21 Jan 2016
Exocet anti-ship missile

Storage suppliers: Who reached for the stars, who burned up in orbit?

Storage year in review, part 3 Winners, losers, refugees, death, near-death, and a miraculous recovery ... all these were things that characterised the year for storage suppliers in 2015. They experienced earthquake-level changes as the movement of tectonic storage plates like flash, the cloud, server-based storage and activist investors shook old assumptions …
Chris Mellor, 03 Jan 2016

EMC shareholders slap biz with class action suit

EMC/Dell deal A class action suit has been launched against EMC by shareholders opposed to the $67bn (£48bn) acquisition of the company by Dell. The filing was made against EMC in a Massachusetts district court on Friday. No further details of the complaint were available on the court's filing site. Last week a suit was brought in a state …
Kat Hall, 02 Nov 2015
Michael Dell. Pic by Joi Ito

When Michael Dell met Chris Mellor

Profile This is the way of it: you're sitting there, at a table in a general meeting room at the Dell World event in Austin, talking to a distant colleague about what happened to Don, did I know Liem had moved to such and such an office, when an ordinary-looking guy comes over and sits down at the same table, saying: "How's it going …
Chris Mellor, 26 Oct 2015

EMC animates franken-cloud with bits of itself, VMware, VCE and Virtustream

VMware has revealed its full Q3 2015 results, and they're pretty: US$1.7bn revenue and net income of $1.02 per share were both a tick over the guidance the company has offered to markets. Virtzilla's future results will also receive a boost, because EMC's US$1.2bn acquisition of Virtustream will end as a 50/50 joint venture …
Simon Sharwood, 21 Oct 2015
Rotary phone

Dell-EMC deal could be a game-changer for mobile networks, too

EMC/Dell deal As carriers race towards virtualisation, software-defined networking and increasingly complex back office IT platforms, they will increasingly bump into suppliers from the data centre world. IBM, Hewlett-Packard, Oracle and others are already very familiar to them, but now there will be a new powerhouse, if Dell’s record- …
Wireless Watch, 19 Oct 2015
Laurel and Hardy on the phone

EMC-Dell dynamic duo: Mike's my ‘brother from another mother’ – Tucci

EMC/Dell deal Michael Dell has named one Dell exec – Rory Read – and one EMC exec – Howard Elias – to oversee deduplication of the two companies’ product lines. “Rory’s new job is he’s going to lead integration for the Dell side, reporting to me," said Michael Dell, in response to a question from the floor during an all-hands meeting to …
Chris Mellor, 15 Oct 2015
Rabbits_and_tortoise

What next for the DellEMC behemoth as sales slowdown looms?

Comment Michael Dell gets EMC in the bag, short of any go-shop competition, and the dust is settling ... revealing massive product overlaps and potential winners and losers amongst them. Front and centre must be Dell’s two SAN arrays, the SC (Compellent) and PS (EqualLogic) products, facing EMC's popular VNX unified file and block …
Chris Mellor, 13 Oct 2015

EMC chief Joe Tucci to score monster pay-day in Dell deal – analysts

EMC-Dell deal The Dell-EMC buy may not be the best possible outcome for EMC’s Federation, but the bitterness will be sweetened for EMC head honcho Joe Tucci by a possible near-$30m payout when he leaves next year. Analysis of a 30 April, 2015, EMC proxy statement (PDF) for the EMC AGM, by an exec pay research firm called Equilar, found that …
Chris Mellor, 13 Oct 2015
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HP HUMILIATED by Dell's EMC buy

EMC/Dell deal - Analysis There are two big losers from Dell's decision to buy EMC. One is you, because EMC and Dell have signalled that they intend to put EMC products in your face when you buy from Dell. Outgoing EMC CEO Joe Tucci repeatedly said that Dell is the number one reseller for all manner of third party products and suggested EMC will enjoy …
Simon Sharwood, 12 Oct 2015
The_incredible_hulk

The incredible IT hulk: Dell + EMC - did someone say 'synergy'?

EMC/Dell deal - Analysis So, Dell and EMC have signed a definitive agreement for Dell to buy EMC and maintain VMware as a publicly traded company. Essentially EMC goes private as part of Dell and Elliott Management gets the payoff it wanted. The big eight IT suppliers: Cisco, Dell, Oracle, EMC, HDS, HP, IBM and NetApp, have consolidated to seven with …
Chris Mellor, 12 Oct 2015

Dell buys out EMC in mega-super-duper $67 BEEELLLION deal

EMC/Dell deal Dell has confirmed it is buying storage giant and virtualisation player EMC in a deal valued at $67bn, as we reported earlier today. Privately-owned Dell is scooping up the publicly listed EMC in the industry’s biggest ever tech buyout. The buyout breaks the record established by the $25bn Hewlett-Packard-Compaq deal in 2001 …
Gavin Clarke, 12 Oct 2015

If Dell and EMC really do merge, expect massive, bloody consolidation

EMC/Dell deal We're far from convinced that Dell acquiring and/or merging with EMC is a good idea, but if it did what kind of entity would we be looking at? The crux of the matter is just how much overlap Dell is willing to endure. And the answer may be "lots". Dell's made much in recent months of giving customers choices. Exhibit A is the …
Simon Sharwood, 12 Oct 2015

Dell hooking up with EMC and going public again? Come off it

EMC/Dell deal The rumour mill about a Dell-EMC deal is going hyper, with a $51bn takeover by Dell being mentioned. Is Elliott Management holding a gun to EMC's head? EMC is trying to come up with a shareholder value-unlocking deal under pressure from activist investor Elliott Management, which says EMC investors would be better off if …
Chris Mellor, 09 Oct 2015
Toilet roll printed with fake US $100 bills

EMC and Dell considering 'a combination' – report

Update EMC and Dell are considering “a combination”, says The Wall Street Journal. Details of just what's on the table are sketchy. The Journal's referring to the usual folks familiar with the matter. Would some sort of tie-up make sense? Or more sense than the scuppered EMC/HP merger? Dell's storage range isn't as broad or deep as …
Simon Sharwood, 07 Oct 2015
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How do you solve a problem like Elliott? EMC's got 3 weeks to figure it out

EMC has most of October to answer activist investor Elliott Management's demands for a shareholder value increase through a sell-off of VMware. According to an Elliott leak Reuters report, Elliott, with two directors on EMC's board, hopes the extra time after the expiration of the September standstill agreement will enable EMC …
Chris Mellor, 02 Oct 2015
Hercules_Stealing_Apples_of_Hesperidus

Federation is golden, says EMC II boss Goulden

David Goulden, CEO of EMC Info Infrastructure, said breaking up the Federation would be the wrong thing to do, while speaking at the Code/Enterprise Series conference in New York on Tuesday. EMC’s Federation includes EMC II, Pivotal, Virtustream and VMware, which are run as semi-independent companies, with VMware having had a …
Chris Mellor, 30 Sep 2015
Fly

Tucci’s terrible dilemma: Unlock EMC value without destroying the Federation

Comment War could break out in EMC's investor ranks any day now as the standstill agreement between EMC's board and activist investor Elliott Management runs out this month. Elliott wants the federation structure or status changed so that hidden investor value inside EMC can be unlocked for investors' benefit. This means the potential …
Chris Mellor, 30 Sep 2015
ScaleIO_Node_bezel

EMC releases yet ANOTHER rack-scale server SAN

EMC's ScaleIO Node is a super-scalable server SAN that presents EMC and its users with interesting product positioning decisions compared to EVO: SDDC (EVO: RACK that was), VxRack, VMAX, VNX, VSAN, and VSPEX Blue. Joe Tucci's company, which wants to reduce internal product competition, says its ScaleIO Node scale-out server …
Chris Mellor, 17 Sep 2015
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Deja vMware: 'Virty biz to buy its parent EMC' rumor just won't die

Rumors that VMware will buy EMC – which owns 80 per cent of VMware – are back from the dead. And just in time for VMworld 2015, to be held next week in San Francisco. The last time around this particular block, we heard that EMC could buy up the 20 per cent of VMware it didn't own – or VMware could buy EMC in a so-called …
Chris Mellor, 26 Aug 2015
Rob Mee and Paul Maritz

Paul Maritz retires from Pivotal, says his time as a manager is over

Paul Maritz has stepped down as CEO of Pivotal. Maritz is a former VMware CEO and in a storied career can point to having started Microsoft's Windows NT, now Windows Server, business and having a big hand in getting Windows 95 out the door. He's spent the last 15 years in various senior roles at EMC, where he was seen as a …
Simon Sharwood, 19 Aug 2015
Star Trek Into Darkness

EMC II, VMware and the future: Unpicking the house that Joe built

Comment Look guys, the options are pretty limited. If VMware can't leave the EMC Federation and the Federation somehow has to upvalue itself for investors and find shares priced high enough to pay off Elliott Management, then one bit of the Federation has to buy the rest or the Federation has to be acquired/merge with a white knight. …
Chris Mellor, 06 Aug 2015
iot_internet_of_things

HDS storage is faring better than EMC's trad arrays, reckons analyst

Comment HDS storage revenues are declining, but not as much as EMC's core storage business. Joe Tucci's business is doing better in its move to add business outside its trad arrays and HDS is mounting an Internet of Things catch-up, looking to store and analyse the hoped-for IoT data deluge. According to Stifel MD Aaron Rakers, …
Chris Mellor, 03 Aug 2015
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EMC's turbulent trifecta temporarily ties Tucci to top table

Comment Succession, transformation and a customer buying pattern sea-change are simultaneously embroiling EMC’s top management and board in a perfect storm, according to CEO Joe Tucci in the quarterly results earnings call. Six months after Joe Tucci’s last – and deferred – retirement date from running the EMC Federation, where he is …
Chris Mellor, 23 Jul 2015

Storage slump? Dunno what you're talking about, beams EMC

EMC basically saw off most signs of a storage slump with a two per cent revenue rise in its second quarter 2015, although with revenue being reduced after paying $75m in a VMware pricing settlement with the US government. Revenues of $5.98bn generated profits of $487m, 17 per cent down on profits a year ago, but still well …
Chris Mellor, 22 Jul 2015

HP to buy EMC? We think so, say Wall St money men

An HP and EMC merger still seems like a fanciful sticking plaster to heal two tech giants, but financial analysts in the US are advising that such a transaction not only looks logical but more likely. Wall St money men spent last week analysing HP’s direction in the corporate enterprise following the Discover event in Las Vegas …
Paul Kunert, 07 Jun 2015
Roughly 150kg of gold

EMC coughs up the readies for cloud management software supplier

EMC is buying Virtustream in a seemingly billion-dollar-level transaction, as part of an effort to build a managed cloud services business. Virtustream sells xStream cloud management software for public, private and hybrid clouds, Infrastructure-as-a-Service (IaaS) and managed services to its customers. It says its xStream …
Chris Mellor, 26 May 2015
True humility - the Curate's egg

EMC's curate's egg sees revenues waiting for new product take-offs

EMC’s first quarter results were like the curate's egg; good in parts, but hit by currency problems, job cuts and unsatisfactory core storage revenues in others. First-quarter 2015 revenues were up 2 per cent to $5.6bn, compared to $5.5bn a year ago, with EMC II (the core storage biz) revenues disappointing. The top-line number …
Chris Mellor, 23 Apr 2015
Whiptail XLR8r appliance

Invicta saddles up for another tilt at the 'acceleration' market

After having withdrawn its Invicta all-flash array (AFA) from sale last year, Cisco is trying to crack the AFA market again Cisco bought Whiptail and its Invicta flash array technology for $415 million in 2013, and wants to build it into a $1bn business. However, it withdrew it from sale in September 2014 after scaling problems …
Chris Mellor, 25 Mar 2015
Fluffy grey ragdoll cat relaxes next to laptop.

Distribution of cream among EMC executive fat cats revealed

Fancy finding out how much EMC fat cats earn? Read on. Total compensation – meaning share options, salary and bonuses – for the top execs at EMC Information Infrastructure (EMC II) in 2014 looked like this: Joe Tucci (EMC Chairman & CEO) – $11,203,318 David Goulden (EMC II CEO) – $10,531,257 Howard Elias (President & COO …
Chris Mellor, 23 Mar 2015
Joe Tucci and Pat Gelsinger

Here's what keeps VMware CEO Pat Gelsinger awake at night

VMware has released its Form 10-K, the annual report in which entities listed in the USA are required to offer a warts-and-all account of all the things that could possibly go wrong. 10-Ks are famously detailed and follow a rigid format, so VMware's includes the “mine safety disclosures” required of all such documents (the …
Simon Sharwood, 03 Mar 2015
VMware vSphere 5.1 Summary View

vSphere 6.0 is BADASS. Not that I've played with it or anything. Ahem

Sysadmin blog VMware has officially launched vSphere 6.0, and I can say without reservation that it is a truly excellent release. I have spent much of the past year expressing skepticism about VMware; face-first exposure to the darker, more political aspects of the organisation had caused me to lose faith in the company. So good is vSphere 6 …
Trevor Pott, 04 Feb 2015

EMC reports mixed results, fingers axe: 'Reduction in force' planned

+Comment Storage giant EMC has announced its plans to lay off an unspecified number of staffers in Q1 and said in an SEC filing that it would record restructuring charges in the range of $130m to $150m. In the final few months of last year, EMC increased its revenues by $1bn, quarter on quarter, with Pivotal and VMware growing strongly, …
Chris Mellor, 29 Jan 2015

Activist Elliott gets two seats on the EMC board

EMC - currently under attack by activist investor Elliott Management, which is wanting it to sell off VMware - has granted Elliott two board seats. The EMC board has been expanded from 11 to 13 seats to make room for the two, Jose Almedia (chairman, president and CEO of global healthcare company Covidien), and Donald Carty ( …
Chris Mellor, 12 Jan 2015
Iron Throne

EMC: People are going to be FLASHING their RACKS next year

EMC's chief evangelist Chad Sakac got up at an investor conference and said DSSD systems should arrive in limited availability next year. Startup firm DSSD was developing rack-scale all-flash array technology when EMC bought it in May. We'e thinking an EVO: RACK type converged system is coming. Stifel Nicolaus MD Aaron Rakers …
Chris Mellor, 16 Dec 2014
money notes lifted up

Private equity downs WAN furtler Riverbed in $3.6bn gulp

+Comment WAN optimiser and app speeder Riverbed is being bought by private equity house Thoma Bravo for $3.6bn. Riverbed failed to grow sufficiently and its business foundered somewhat, opening it up to the attentions of activist investor Elliott Management. That's the same investor that is pushing EMC for a VMware sell-off. In October …
Chris Mellor, 15 Dec 2014
Pure Storage array

Don't you forget about VCE... Cisco gets cosy with Pure Storage

Comment Not content with partnering with IBM and its storage to sell its UCS servers, Cisco is now doing a Flexpod-style dance with EMC’s arch flash array enemy Pure Storage. These recent shocks to the VCE alliance between EMC and Cisco must surely have contributed to Cisco’s tactical withdrawal and EMC’s taking of VCE in-house. Joe …
Chris Mellor, 11 Dec 2014
VMware VSAN Concept

Loved-up 'frictionless' EMC bods slide ScaleIO into VMware kernel

EMC is going to extend its ScaleIO serverSAN product to function as a VMware kernel module to speed it up, thereby "twinning" it with VSAN in terms of VMware and ESXi integration. There is a new spirit of co-opetition and even co-operation inside the EMC federation these days after its CEO, Joe Tucci, openly admitted there had …
Chris Mellor, 01 Dec 2014
Star Trek: Patterns of Force

'It is comforting to know where your data centres are.' UK.GOV does NOT

QuoTW This was the week when hacktivist collective Anonymous decided to take on the Ku Klux Klan after a local chapter of the white supremacist group threatened protesters in Ferguson, Missouri. Say what you like about Nazis, they had lovely uniforms. And ears Anonymous took out websites and Twitter accounts for the group, as …
Love

EMC CEO Joe Tucci tries to win hearts and minds from VC backers

Analysis EMC is going to ask its shareholders whom they support: CEO Joe Tucci or hedge fund exec Paul Singer? At a Wells Fargo investment conference last week, Tucci outlined his thinking about EMC’s recent history, its future and an appeal to shareholders. Paul Singer’s Elliott Management is the activist investor trying to persuade …
Chris Mellor, 18 Nov 2014
Fight sticker

EMC daddy Tucci: YES, there has been too much internal 'friction'

EMC uber-CEO Joe Tucci has admitted that it has been a mistake to allow too much competition inside the federation, which must be music to activist shareholders' ears. The admission came at the Wells Fargo Tech, Media and Telecom Conference in New York last week. Wells Fargo EMC Tucci was asked: "Can you... talk about how you …
Chris Mellor, 17 Nov 2014