EMC 2009 Annual Report Download - page 10

Table of Contents
Financial Information About Segments, Foreign and Domestic Operations and Export Sales
EMC operates in two businesses: EMC's Information Infrastructure business and the VMware Virtual Infrastructure business. EMC's Information
Infrastructure business consists of three segments: Information Storage, Content Management and Archiving and RSA Information Security.
Sales and marketing operations outside the United States are conducted through sales subsidiaries and branches located principally in Europe, Latin
America and the Asia Pacific region. We have five manufacturing facilities: two in Massachusetts, which manufacture storage products and security products
for the North American markets, two in Ireland, which manufacture storage products and security products for markets outside of North America, and one in
North Carolina, which manufactures storage products for worldwide markets. We also utilize contract manufacturers throughout the world to manufacture or
assemble our Data Domain, Iomega and, in limited amounts, other information infrastructure products. See Note S to the Consolidated Financial Statements
for information about revenues by segment and geographic area.
Available Information
Our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and amendments to reports filed pursuant to
Sections 13(a) and 15(d) of the Securities Exchange Act of 1934, as amended, are made available free of charge on or through our website at www.emc.com
as soon as reasonably practicable after such reports are filed with, or furnished to, the Securities and Exchange Commission (the SEC). The SEC also
maintains a website, www.sec.gov, that contains reports and other information regarding issuers that file electronically with the SEC. Copies of our
(i) Corporate Governance Guidelines, (ii) charters for the Audit Committee, Leadership and Compensation Committee, Corporate Governance and
Nominating Committee, Mergers and Acquisitions Committee and Finance Committee and (iii) Business Conduct Guidelines (code of business conduct and
ethics) are available at www.emc.com/about/governance. Copies will be provided to any shareholder upon request. Please go to www.emc.com/ir to submit an
electronic request, or send a written request to EMC Investor Relations, 176 South Street, Hopkinton, MA 01748. None of the information posted on our
website is incorporated by reference into this Annual Report.
ITEM 1A. RISK FACTORS
The risk factors that appear below could materially affect our business, financial condition and results of operations. The risks and uncertainties
described below are not the only risks and uncertainties facing us. Our business is also subject to general risks and uncertainties that affect many other
companies.
Our business could be materially adversely affected as a result of general economic and market conditions, including the current economic crisis.
We are subject to the effects of general global economic and market conditions. If these conditions remain uncertain or persist, spread or deteriorate
further, our business, results of operations or financial condition could be materially adversely affected. In addition, the financial crisis in the banking sector
and financial markets have resulted in a tightening in the credit markets, a low level of liquidity in many financial markets, and extreme volatility in fixed
income, credit and equity markets. Possible consequences from the financial crisis on our business, including insolvency of key suppliers resulting in product
delays, inability of customers to obtain credit to finance purchases of our products, customer insolvencies, increased risk that customers may delay payments,
fail to pay or default on credit extended to them, and counterparty failures negatively impacting our treasury operations, could have a material adverse effect
on our results of operations or financial condition.
Our business could be materially adversely affected as a result of a lessening demand in the information technology market.
Our revenue and profitability depend on the overall demand for our products and services. Delays or reductions in IT spending, domestically or
internationally, could materially adversely affect demand for our products and services which could result in decreased revenues or earnings.
Our customers operate in a variety of markets, including the financial services, credit and housing, automotive and construction markets. Any adverse
effects to such markets could materially adversely affect demand for our products and services which could result in decreased revenues or earnings.
Competitive pricing, sales volume, mix and component costs could materially adversely affect our revenues, gross margins and earnings.
Our gross margins are impacted by a variety of factors, including competitive pricing, component and product design costs as well as the volume and
relative mixture of product and services revenues. Increased component costs, increased pricing pressures, the relative and varying rates of increases or
decreases in component costs and product price, changes in product and services revenue mixture or decreased volume could have a material adverse effect on
our revenues, gross margins or earnings.
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