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...revenue; in the second quarter of 2001 it made up 25%, and it is expected to reach 30% in two years, compared with 50% from hardware. "EMC sets the bar," Duplessie says. "By the time others reach the bar, EMC has already moved somewhere else." Sun Microsystems, HP and IBM, however, believe they are well positioned because they already sell comprehensive packages of hardware, software and services...
...competes with Veritas in data replication, and the two are expected to compete even more as EMC moves into storage-management software. Veritas, which is often sold along with EMC, Sun, IBM or HP systems, runs its programs off storage hardware and the servers that make up enterprises' local-area networks. For that reason and because it does not have a vested interest in selling any hardware of its own, Veritas is compatible with many brands. EMC, on the other hand, already boasts the largest companies as its customers. EMC says its software will eventually manage others' equipment...
...current tech recession these two companies have two things in common--a big stake in the PC business and a troubled future. That's why HP CEO Carly Fiorina brought them together last week in a stock deal initially valued by the companies at $25 billion. Fiorina, one of the most powerful women in American business, is a steely-nerved visionary who once compared her business to a game of blackjack. She has doubled the stakes on a so-so hand. If she wins, she wins...
...risks of uniting two struggling behemoths were obvious, even to Compaq co-founder Rod Canion, who sketched out the company with a few buddies 19 years ago in a Houston diner. "Now everybody will want to kick Compaq and HP around," he said last week. He was right. But it wasn't Michael Dell or Sun Microsystems' Scott McNealy putting the boot in. Wall Street did a good job of that. HP stock plunged 22% by the end of the week, to $18.08, while Compaq sank 14%, to $10.59, wiping more than $3 billion off the value of the proposed...
...Compaq or HP seems to be under any illusion about the arduous tasks ahead--blending their cultures, cutting costs ruthlessly (the target is $2.5 billion by 2004) and cracking the services market. Compaq founder Canion, for one, is cautiously optimistic. "These are strong companies being judged in a tough time," he says. At the very least, his baby's new mom has managed to defer judgment for a little while longer...