cloud != EMC
EMC is not cloud, mainframes are not cloud, Brontosaurus are not cloud.
The point of cloud is to build a horizontally scaled cheap infrastructure so that you can deliver at a lower cost than your customers can internally whilst still making money.
The point of cloud is not to simply hand over all your VC money and then all your revenue to EMC for something that costs 10 times what it could ever be worth, they won't be inviting you to the corporate yacht when the money has run out and your cloud startup has gone chapter 11 because all your money is buying Porsches and golf courses for EMC salespeople.