Last $28.37 USD
Change Today -0.33 / -1.15%
Volume 7.3M
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As of 2:16 PM 01/26/15 All times are local (Market data is delayed by at least 15 minutes).

emc corp/ma (EMC) Key Developments

EMC Corporation Announces Appointment of Board of Directors

EMC Corporation announced the appointment of Jose (Joe) E. Almeida and Donald J. Carty to the EMC Board of Directors, effective immediately. With these additions, the EMC Board has been expanded to 13 directors. Mr. Almeida is currently Chairman, President and Chief Executive Officer of Covidien plc. Mr. Carty is the retired Chairman and Chief Executive Officer of AMR Corporation and American Airlines, and retired Vice Chairman and Chief Financial Officer of Dell Inc. EMC'sCorporate Governance and Nominating Committee identified Messrs. Almeida and Carty through its process of outreach, including extensive independent search efforts as well as consideration of candidates recommended by shareholders, consistent with the Committee's past practice. Elliott Management worked collaboratively with EMC to identify and review candidates. After thorough evaluation of candidate qualifications in light of the EMC Board's criteria, the Committee recommended the appointment of Messrs. Almeida and Carty to the EMC Board. In connection with the EMC Board's decision to add the two new board members, Elliott has agreed to certain limited standstill and voting provisions through September 2015, including voting in favor of the company's proposed slate of directors at EMC's 2015 Annual Meeting of shareholders. Mr. Almeida, has served as Chairman of Covidien plc since 2012 and as President, Chief Executive Officer and a Director since July 2011. He currently serves on the Board of Directors of State Street Corporation. Mr. Carty, served as Chairman and CEO of AMR Corporation from 1998 to 2003. He currently serves as Chairman of Virgin America Airlines Inc. and is a director of Canadian National Railway Company and Talisman Energy Inc.

EMC Corporation(NYSE:EMC) added to S&P 500 Growth Index

EMC Corporation(NYSE:EMC) added to S&P 500 Growth Index

EMC Corporation Declares Quarterly Cash Dividend, Payable on January 23, 2015

EMC Corporation announced that the company's Board of Directors has declared a quarterly cash dividend of $0.115 per common share. The dividend will be payable on January 23, 2015 to shareholders of record on January 2, 2015.

EMC Corporation Presents at Barclays Capital Global Technology Conference, Dec-09-2014 01:20 PM

EMC Corporation Presents at Barclays Capital Global Technology Conference, Dec-09-2014 01:20 PM. Venue: Palace Hotel, 2 New Montgomery Street, San Francisco, California, United States. Speakers: Chirantan Desai, President of Emerging Technology Products Division.

EMC Redefines Hybrid Cloud for the Enterprise

EMC Corporation announced immediate availability of its EMC(R) Enterprise Hybrid Cloud Solution that integrates hardware, software and services from EMC and VMware to unite the strengths of private and public cloud. The EMC Enterprise Hybrid Cloud Solution enables IT-as-a-service (ITaaS) in as few as 28 days. Organizations no longer will have to make tradeoffs between the speed and agility of public cloud services and the control and security of private cloud infrastructure. The EMC Enterprise Hybrid Cloud Solution enables customers to deploy a hybrid cloud that incorporates the best of both public and private clouds. The EMC Enterprise Hybrid Cloud Solution empowers IT to be a broker of trusted cloud services while maintaining the freedom to choose the Management and Orchestration technology upon which the hybrid cloud is standardized. The result is a hybrid cloud solution capable of supporting traditional and next-gen applications, financial transparency so IT can prove its value to the business, and a seamless and secure management experience. The EMC Enterprise Hybrid Cloud Solution is designed to be simple, automated and on-demand and features a number of valuable benefits including: Solution designed to be implemented in 28 days or fewer with EMC Professional Services; Access to a full service catalog of automated data services; Interoperability with public cloud services built on VMware vCloud Air, Microsoft Azure, AWS and other EMC-powered cloud service providers; EMC Enterprise Hybrid Cloud Solution can be built on VCE Vblock Systems and EMC VSPEX(R) reference architectures for accelerated deployment; and EMC's gold standard level of Customer Service to provide world-class support. In 2015, EMC plans to offer the EMC Enterprise Hybrid Cloud Solution built with Microsoft and OpenStack technology. EMC's solution for the Microsoft Cloud Platform will be designed to enable customers to easily integrate their on-premises EMC storage solutions and Windows Server Hyper-V infrastructure with Microsoft Azure, in order to flexibly deploy and manage applications and workloads across hybrid environments. EMC supports customer choice and is committed to helping customers be successful with their hybrid cloud deployments, regardless of the cloud platform they choose. By offering the EMC Enterprise Hybrid Cloud Solution with Microsoft and OpenStack, EMC will extend the same value and benefits to those solutions that are being delivered in the EMC Enterprise Hybrid Cloud Federation Software-Defined Data Center Edition with VMware.

 

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EMC

Industry Average

Valuation EMC Industry Range
Price/Earnings 23.0x
Price/Sales 2.4x
Price/Book 2.6x
Price/Cash Flow 22.5x
TEV/Sales 1.8x
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