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Table of Contents
FACTORS THAT MAY AFFECT FUTURE RESULTS
This Annual Report on Form 10-K contains forward-looking statements, within the meaning of the Federal securities laws, about our business and
prospects. The forward-looking statements do not include the potential impact of any mergers, acquisitions, divestitures, securities offerings or business
combinations that may be announced or consummated after the date hereof. Any statements contained herein that are not statements of historical fact may be
deemed to be forward-looking statements. Without limiting the foregoing, the words "believes," "plans," "intends," "expects," "goals" and similar
expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these words. Our future results may
differ materially from our past results and from those projected in the forward-looking statements due to various uncertainties and risks, including those
described in Item 1A of Part I (Risk Factors). We disclaim any obligation to update any forward-looking statements contained herein after the date of this
Annual Report.
PART I
ITEM 1. BUSINESS
General
EMC Corporation ("EMC") and its subsidiaries develop, deliver and support the Information Technology ("IT") industry's broadest range of
information infrastructure technologies and solutions that are designed to help individuals and organizations handle their digital information needs.
EMC's systems, software, and services support our customers' critical business processes by helping them build information infrastructures from the
most comprehensive systems available to store, manage and protect information at the right service levels and the right costs. We refer to this as an
information lifecycle management ("ILM") strategy. Our information management software and solutions empower our customers to capture, manage and
leverage structured and unstructured information – documents, images or emails – to support their business processes. Our virtual infrastructure software
helps organizations respond to changing IT requirements by dynamically altering their computing and storage environments with flexible virtualization
technologies. Our resource management software allows organizations to better understand, manage and automate the operation of their information
infrastructure.
Additionally, we also recently created an information security division to help customers systematically and comprehensively secure their information.
Through the company's recent acquisitions of RSA Security Inc. ("RSA") and Network Intelligence Corporation ("Network Intelligence") and our organic
development initiatives, this new division offers customers security solutions to assess the risk to their information; secure the people accessing information
and the infrastructure; protect the confidentiality and integrity of the information itself; and manage security information and events to assure effectiveness
and ease the burdens of compliance.
We were incorporated in Massachusetts in 1979. Our corporate headquarters are located at 176 South Street, Hopkinton, Massachusetts.
Products and Offerings
Our principal segments consist of Information storage, Content management and archiving, RSA information security and VMware virtual
infrastructure.
Information Storage Segment
The Information storage segment is composed of storage systems, platform-based and multi-platform software and services. We offer a wide range of
networked information storage systems to support our customers' ILM strategies to meet their performance, functionality, scalability, data availability and
financial requirements. Our storage systems are the foundation of an information infrastructure and can be deployed in a storage area network ("SAN"),
networked attached storage ("NAS"), content addressed storage ("CAS") or direct attached storage environment.
EMC Symmetrix Systems
The EMC Symmetrix family of high-end networked storage systems delivers the highest levels of functionality, performance, data availability and
information protection by enabling customers to incrementally scale the performance and capacity of a single array from seven terabytes to more than a
petabyte, the largest and most scalable system of its kind. EMC Symmetrix DMX-3, the industry's fastest, most scalable and flexible storage system, supports
customers' ILM strategies to address the storage
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