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EMC Re-orgs

EMC has cut its 2009 guidance because it’s going to take a $100 million to restructure its international operations
By Maureen O'Gara
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December 5, 2009 03:45 PM EST
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 2,856

Infrastructure 2.0 Journal

EMC has cut its 2009 guidance because it’s going to take a $100 million to restructure its international operations into a single existing international holding company that’s supposed to be cheaper to run. It’s not anticipating any layoffs but it cut projected Q4 earnings from 21 cents to 16 cents and took a nickel off the full-year’s earnings now expected to be 50 cents.

Published December 5, 2009 – Reads 2,856
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Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025. Twitter: @MaureenOGara

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