Friday, August 11, 2006

EMC Becomes 'Virtual' Target

Although virtualization is not the core of EMC's business -- storage is -- it's a lucrative sideline. VMware, which the company acquired in late 2003, contributed $157 million in revenue in the second quarter, a growth rate of 73% year over year.

Run as a semi-autonomous entity within EMC, VMware boasts a team of some 800 engineers, has its own sales force and is on an annualized run rate of $630 million, says the company. And because the technology is sought by a wide variety of large businesses, it opens doors for EMC that might otherwise stay shut.

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