Articles about Joe Tucci

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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
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
VMware logo

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

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
Joe Tucci EMC

Hey, Joe. Give EMC the gun and SHOOT IT DOWN - before someone else messes 'round town

Comment What should we do about the EMC Federation and the coming retirement of its founder and architect Joe Tucci? Activist investors want it dismantled to provide more value for shareholders. Nobody sees a replacement candidate for Joe Tucci; someone who could hold the ring while the three strong and capable CEOs that run EMC …
Chris Mellor, 23 Oct 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
Joe Tucci EMC

Tech starfleet: Will EMC Federation survive a Tucci departure?

Comment 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?

Comment 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

Comment 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
joe_tucci_emc_channel

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'

Oracle OpenWorld 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
cloud_channel

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
hands waving dollar bills in the air

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 …
EMC federation logo

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

+Comment 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

+Comment 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
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
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
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
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
ARA_LIbertad

EMC boss Tucci’s last battle: Stopping a forced VMware selloff

Analysis 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
channel

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
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

Shouty investor Elliott makes PUBLIC CALL for VMware sale

Comment 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
Joe Tucci EMC

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

Blocks and Files 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
EMC federation logo

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
EMC_REvs_To_Q3fy2014

EMC profits flatline as VCE joins the storage-tastic federation

For its third quarter EMC reported good numbers but the news is overshadowed by the expected VCE announcement and the activist investor pressure on the Hopkinton firm. EMC recorded a satisfyingly chunky nine per cent uptick in consolidated quarterly revenues for its third 2014 quarter – a round $6bn compared to $5.5bn a year ago …
Chris Mellor, 22 Oct 2014

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

Comment 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

Blocks and Files 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
Tyrion

A Game of Storage Thrones: Enterprise IT, meet gripping drama

A Game Of Storage Thrones is a fantasy enterprise IT novel set in the fictional continents of NASblockOS and ServerSANland, with many kings fighting for overall power. NASblockOS is a loose federation of warring kings slowly coming together to fight the common enemy in the North, the wild cloud things beyond the massive, 700 …
Chris Mellor, 01 Nov 2014
management social5

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

VMware, Cisco, EMC lovechild to live in Big Daddy EMC's house

As rumoured, VCE, the three-way love child of VMware, Cisco and EMC, is to be absorbed into the EMC Federation this quarter. VCE builds and sells converged Vblock systems based on VMware’s virtualisation software, Cisco servers and networking and EMC storage. It is a startup and was jointly funded (until now) by Cisco and EMC. …
Chris Mellor, 22 Oct 2014
fingers pointing at man

EMC's next CEO - a Tucci subject

Comment 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
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
Video camera

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'

EMC World 2013 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

Blocks and Files 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?

Comment 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
channel

EMC supremo succession photo clue

Blocks & Files Photo 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
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 well …
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
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