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EMC - strong buy? Of all the astounding statistics surrounding this Boston-area maker of data storage devices, this fact may be the most staggering: EMC's stock has grown 35,000 percent in the past decade. Here are other eyebrow raisers: EMC earnings have grown an average of 41 percent a year since 1986. In 1998, the company's stock grew 252 percent. Ninety percent of the world's airlines use EMC data storage systems. The company's newest system can hold all of the country's tax returns. During the 1990s, EMC achieved the highest single-decade performance of any listed stock in the history of the New York Stock Exchange Everyone needs memory Commanding approximately 40 percent of the mainframe memory market, EMC operates as a narrowly focused company that boasts an impressive research and development budget. Since 1995, the company has relied upon a technology called open storage to bring in the cash. EMC open technology hardware and software allow customers to store information regardless of what platform - mainframe, Unix, Windows NT - created the data. Another EMC technology, the Integrated Cached Disk Array (ICDA), has helped support the tremendous growth. ICDA connects several storage areas and makes frequently used data more accessable. for a brief but explosive cycle of growth. Thanks to ICDA - the design foundation for EMC's major product lines - the company has seen its annual revenues jump from $190 million in 1990 to over $6.7 billion in 1999. The company boasts on its web site that it counts among its clients 100 percent of the world's largest banks and 100 percent of the world's largest telecommunications companies. EMC has also recently begun to provide the television and film industry with storage and retrieval systems that promise to cut the industry's production costs by up to a third. Data General purchase In an effort to diversify its product lines EMC bought Data General in August 1999 for $952 million in stock. The deal will give EMC a midrange alternative to its high capacity storage devices. In addition EMC picks up Data General's server business. Data Gerneral's chief executive, Ronald L. Skates, can rest easy during the transition. It was revealed in September 1999 that should he lose his job in the takeover, Skates has a severance package worth $32.3 million. In February 2000, EMC and Microsoft announced a strategic alliance to build and deploy "business solutions" using the Windows 2000 Server OS. EMC's new Data General division boasted that it offered the industry's first 99.9 percent uptime service guarantee for Windows 2000. The company prides itself on its ability to churn out new products: it boasts that in 1999, 80 percent of EMC's sales came from products the company introduced that same year.
EMC offers a wide range of career offerings in both the business and technical areas of the company's operations. Applicants should consult the company's extensive employment Web page, located at www.emc.com/info/hr/respond.htm, which provides a list of current openings. The Web site also provides "job codes," which applicants should use when submitting their resumes.
EMC provides its employees with the opportunity to "build and refine career skills" while working in a "challenging environment where everyone learns from each other." The company's phenominal growth over the past few years has made many employees very happy. "I think they will only grow stronger as a company and remain a top performer," says one source. Flexible scheduling options allow employees to structure their work day around their particular needs. While the work day occasionally is long, EMC allows employees "to take off early when the workload is light."
Human Resources
Mainframe Systems;Symmetrix Series;Open Storage Systems;Centriplex;EDM (network backup software);Midrange systems;Harmonix Series;Voyager Series;Media servers
Compaq;IBM;Hewlett-Packard;Hitachi;Seagate More Company Profiles For more career information, go to Vault.com ©2000, Vault.com Inc
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