EMC 2009 Annual Report Download - page 4

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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 closed 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, but not
limited to, those described in Item 1A of Part I (Risk Factors). The forward-looking statements speak only as of the date of this Annual Report and undue
reliance should not be placed on these statements. 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 develops, delivers and supports the Information Technology ("IT") industry's broadest range of information infrastructure and virtual
infrastructure technologies and solutions. Throughout this report, we refer to EMC Corporation, together with its subsidiaries, as "EMC", "we", "us", or "the
Company."
EMC's Information Infrastructure business provides a foundation for customers to manage and secure their vast and ever-increasing quantities of
information, automate their data center operations, reduce power and cooling costs, and leverage critical information for business agility and competitive
advantage. In addition to providing systems, software and solutions for customers' traditional data center infrastructures, EMC is also pursuing a cloud
computing strategy that supports customers ranging from service providers, to large enterprise customers to individual consumers with this next-generation
model of computing.
EMC's VMware Virtual Infrastructure business, which is represented by EMC's majority equity stake in VMware, Inc. ("VMware"), is the leading
provider of virtual infrastructure software solutions from the desktop to the data center and to the cloud. VMware's virtual infrastructure software solutions
run on industry-standard desktop computers and servers and support a wide range of operating system and application environments, as well as networking
and storage infrastructures.
EMC was incorporated in Massachusetts in 1979. Our corporate headquarters are located at 176 South Street, Hopkinton, Massachusetts.
Products and Offerings
EMC operates in two businesses, EMC's Information Infrastructure business and the VMware Virtual Infrastructure business.
EMC Information Infrastructure Strategy
EMC's Information Infrastructure business helps customers store, protect and maximize the value of their vast and ever-increasing quantities of
information. EMC's strategic guidance, technology expertise and wide variety of high-performance and high-availability storage, security, content
management and archiving systems, software and services help customers capture and manage information to improve business agility, lower cost of
ownership and enhance their competitive advantage in their traditional data centers.
EMC is also poised for the next generation of IT known as cloud computing. Facing excessive IT complexity and relentlessly-growing information,
many customers have had to spend roughly two-thirds of their IT budgets on maintaining their infrastructure and applications, and only about one-third of
their IT budgets on advances that can make them more competitive. Cloud computing holds the promise of dramatically altering this ratio so that much more
of their energy and investment can be directed toward real innovation.
In essence, cloud computing enables IT to be delivered as a cost-effective service, which will transform the way customers acquire and implement IT
and the way they build and operate their data centers. EMC's cloud strategy embraces virtualization,
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