HOPKINTON, Mass. - October 08, 2014 -
EMC Corporation (NYSE: EMC) today issued the following statement regarding the letter issued by Elliott Management Corporation (“Elliott”):
EMC’s Board of Directors regularly reviews and rigorously evaluates the company’s strategy with a view towards enhancing shareholder value. As part of this ongoing process, the Board welcomes open dialogue with EMC shareholders and values their constructive input. Over the past few months, EMC’s leadership has met with representatives of Elliott several times and has listened carefully to their ideas, as we do with all of our shareholders.
In the course of its business, EMC regularly hears from customers and partners, around the world, strong expressions of support for its strategy as well as ability to serve their evolving range of needs in a rapidly changing and complex IT marketplace increasingly being defined by cloud computing, predictive big data analytics, and always-connected mobile devices.
EMC Corporation is a global leader in enabling businesses and service providers to transform their operations and deliver IT as a service. Fundamental to this transformation is cloud computing. Through innovative products and services, EMC accelerates the journey to cloud computing, helping IT departments to store, manage, protect and analyze their most valuable asset — information — in a more agile, trusted and cost-efficient way. Additional information about EMC can be found at www.EMC.com.