Software stocks were leveled as the markets absorbed a landslide of profit warnings from the likes of Ariba, Broadvision, Epiphany, Documentum, Inktomi and MicroStrategy. A slew of e-business software companies warned after the bell Monday night, making Tuesday a dark day as Wall Street analysts slashed earnings targets and ratings on the entire sector.
EMC maintained its lead in the external disk storage systems market with 22.0% revenue share, followed by HP and IBM with 19.
Data storage giant EMC said Wednesday its first-quarter earnings will fall short of Wall Street estimates amid a slowdown in information technology spending. The company also cut its growth projections for 2001.
In the total worldwide disk storage systems market, HP maintained its lead with 24.2% revenue share followed by IBM with 22.
EMC led the global storage software market in Q4 2005 with 29.2% revenue share.
Citing an "uncertain U.S. economic climate," data storage giant EMC toned down its sales growth projections for 2001.
Brocade Communications Systems and EMC (emc) led technology stocks in decline at midday Thursday. The Nasdaq slid 16.
Talk of war and profit warnings from technology companies sent the stock markets reeling for the fifth straight day as both the Dow and Nasdaq take hits.
Storage giant EMC has created a new division dedicated to delivering video, photos and audio over the Internet, a move that follows some of the company'scompetitors.The Hopkinton, Mass.
Data storage giant EMC Corp. (emc) handily beat consensus estimates for earnings and revenue in the fourth quarter.