Cloud Computing: EMC to face critics who worry it’s stagnating
March 9, 2015
Grazed from BostonGlobe. Author: Jay Fitzgerald.
EMC Corp., the largest technology company in Massachusetts, thinks Wall Street doesn’t understand it. So on Tuesday, the Hopkinton company — known best for its data-storage business, it employs 68,000 people worldwide and reaps $24 billion in annual revenue — will hold a strategy summit in New York City. EMC hopes to convince analysts, investors, and others it really is on the right track.
Most of its top executives, including longtime chief executive Joseph Tucci, will be present to share information, review strategic options, answer questions, and listen to ideas and criticisms. But chances are the summit won’t change many minds. Increasingly, critics say EMC has become a stagnant goliath that isn’t doing enough to pump up its share value and articulate a long-term vision for the 36-year-old company…
They want to hear that EMC plans to sell its 80 percent stake in VMware Inc., a fast-growing provider of cloud services and computer virtualization, and possibly spin out other business units. They also want to hear about a succession plan for Tucci, who has signaled he plans to step down later this year…
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