• Press Release

    May 21, 1999

    EMC Announces Expansion of Headquarters Area Facilities to Support Growth

    Company Outlines Growth Plans in Hopkinton, Franklin and Milford

    Hopkinton, - May 21, 1999 -

    EMC Corporation, the world's leading provider of enterprise storage systems, software and services, today announced a multi-faceted expansion of its headquarters-area facilities to meet increasing worldwide demand for its products and services. By the end of 1999, EMC's administrative, engineering and manufacturing operations in Massachusetts will occupy a total of approximately two million square feet of space.

    EMC announced several expansion projects during a visit by Massachusetts Governor Paul Cellucci to EMC's 680,000-square-foot manufacturing facility in Franklin, which opened last September. The projects include:

    • A new 150,000-square-foot research and development facility in Hopkinton. The state-of-the-art building, scheduled to be completed later this year, will house a growing number of EMC's software development engineers.
    • The purchase of 15 acres of land adjacent to EMC's Franklin manufacturing facility. The property is capable of supporting a 200,000-square-foot office building.
    • The purchase of a 53,000-square-foot building on nearly 18 acres of land in Milford, across from EMC's current Milford facilities. The existing building on the site will be converted later this year into a training center for EMC employees and customers.

    Michael C. Ruettgers, EMC President and CEO, said, "These new facilities will enable EMC to meet the growing worldwide demand for our enterprise storage solutions. With the Internet, E-Commerce and virtually every trend in business driving the need for more information, our customers are looking for tools to help them manage, share and protect their growing repositories of information. We are putting the engineering and training infrastructure in place that will enable EMC to continue to develop innovative software solutions in support of our goal of $10 billion in revenue by the year 2001."

    With about 4,200 of EMC's 10,300 worldwide employees based in Massachusetts, the company is one of the largest employers in the state and is the largest computer company headquartered here. The amount of space EMC occupies in Massachusetts has nearly doubled over the past year. EMC's growth has earned it numerous honors, including a recent ranking as the top public company in Massachusetts by the Boston Herald in its annual "Herald Hundred." Business Week, this year, ranked EMC as one of America's five best-performing companies in its annual "Business Week 50" issue.

    "EMC is one of the companies that is fueling the Massachusetts economy and is proof that our high tech industry is alive and well," said Governor Cellucci. "EMC is the type of company the state needs to maintain its economic growth ? a company developing innovative technology in a growing global market. Our world renowned universities and historic tax cuts have provided an environment in which companies like EMC prosper."

    EMC Corporation, a Fortune 500 company based in Hopkinton, Massachusetts, is the world's technology and market leader in the rapidly growing market for intelligent enterprise storage systems, software and services. The company's products store, retrieve, manage, protect and share information from all major computing environments, including UNIX, Windows NT and mainframe platforms. The company has offices worldwide, trades on the New York Stock Exchange under the symbol EMC, and is a component of the S&P 500 Index. For further information about EMC and its storage solutions, EMC's corporate web site can be accessed at http://www.EMC.com.

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