EMC has been downgraded from an "outperform" to a "market perform". Which might not mean much to anyone, but it brought tears of joy to me. :-)
They're going to miss projections, too! :-) :-)
If there's a company I cannot stand, would dearly love to see go bust - it's that one. I crossed swords with them years ago, and suffice to say: I seriously considered a libel suit. The simple fact is, their pride and joy - a centralized, antiquated and expensive storage system - is old hat. That sort of product can't have a place in the nimble future of data storage - its roots are in the old world of mainframes and their draconian processes and limitations.
If I were to make a market recommendation, it would be "they'll be outperformed by their competition within the next few years. Sell."
Sure they have virtualization; that's because they bought the innovative company.
Carolyn Ann
EMC in this case being where data lives?
ReplyDeleteThey have a large lock on the market because of how they "sell" their systems - they lease the important bits. (Or at least they used to; I don't see any particular reason why they would have changed their business strategy. They're also known to be brutal, bordering on the unfair, competitors.)
Delete