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EMC Reiterates Positive
Outlook For 1999
HOPKINTON, Mass. - April 15, 1999 - EMC Corporation today announced
that recent surveys of hundreds of customers indicate that enterprise storage spending
will remain strong throughout 1999. The company reiterated its expectation that revenue
and net income growth will exceed 30% in 1999, as organizations continue to rely on EMC's
leadership enterprise storage systems and software to provide the infrastructure for their
growing volumes of information.
EMC continually surveys customers regarding future spending intentions and their
overall satisfaction with EMC products and services. The results of the latest survey,
which included more than 250 customers and was conducted during the first quarter of 1999,
indicate robust demand throughout 1999.
EMC Corporation, based in Hopkinton, Massachusetts, is the world's technology and
market leader in the rapidly growing market for intelligent enterprise storage systems,
software and services. The company's products store, retrieve, manage, protect and share
information from all major computing environments, including UNIX, Windows NT and
mainframe platforms. The company has offices worldwide, trades on the New York Stock
Exchange under the symbol EMC, and is a component of the S&P 500 Index. For further
information about EMC and its storage solutions, EMC's corporate web site can be accessed
at http://www.EMC.com.
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