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EMC squares up to charges, sees profit fall

Storage vendor EMC Corp today reported a 14 per cent first quarter profit drop and blamed acquisition-related expenses for the fall. The Massachusetts-based firm said it coughed a $79.2m non-cash charge for in-process research and development that came from company buy-outs during the quarter. The costly charges pushed net …

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amanfromMars
Flame

Walking the walk or waddling and dabbling in Virtual Reality dDeep Waters

"for in-process research and development that came from company buy-outs during the quarter."

Sounds like they are struggling as a one trick wonder. Does anyone take any heed of Wall Street Spinners these days?

adobob
Alien

Re: amanfromMars

"sounds like they are struggling as a one trick wonder" ?

I guess they would be ... if they *were* a one trick wonder ... hmm, maybe you should have a look at what EMC do ? (which is quite a lot i.e. a 900-trick wonder maybe). I guess you are part of the IT-illiteratti that thinks EMC = VMware. :-)

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