What’s next for EMC?
In the seemingly endless quest to help their customers do things faster, better and cheaper, the information technology industry innovates and changes quickly enough that what's standard one year may well become obsolete only a couple years later. EMC Corp. has built itself into a leadership position in data storage and ranks 128th on the Fortune 500. The Hopkinton-based company has been an important citizen of the state and employs about 9,400 in Central Massachusetts. It has also won commendations for its energy savings and human resource practices.
But EMC has been facing investor pressure in recent months to wring out more value, especially as competitors with cloud-based offerings win over some business customers. There have also been reports of a possible merger with Hewlett-Packard, with financial services provider Raymond James Corp. having gone as far as to predict that it will happen. And with Joseph Tucci, EMC's CEO, having said in last month's earnings call that the company will cut $850 million in annual expenses by 2017, a figure that will include job losses, the company is clearly running into a little turbulence.
In the past, EMC has faced these kinds of competitive threats and managed to survive and move ahead. Change in the technology field comes at a punishingly fast pace, and this latest challenge may prove to be EMC's biggest.
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