Fortune Anoints EMC Among Internet Elite
First-Ever Fortune e-50 List Proposes "Index of e-stocks With Potential to Upstage the Dow"; More Than 70% Are EMC Customers
EMC Corporation, the world's leading provider of enterprise storage systems, software and services, has been named among the 50 leading Internet companies by FORTUNE magazine in the first-ever Fortune e-50 index. Proposed in the upcoming December 15 issue as "a modern day antidote to the Dow Jones industrial average," the FORTUNE e-50 includes 50 companies that cover the spectrum of the Internet economy.
Many companies focused on e-commerce and Internet business models have recognized EMC Enterprise Storage systems and software as the tested and proven platforms required to build best-of-breed, information-centric infrastructures. Thirty-six of the companies on the FORTUNE e-50 index rely on EMC Enterprise Storage. In selecting EMC, FORTUNE writes, "its data storage systems are so essential to Internet efficiency that the company demands a spot on this list."
Michael C. Ruettgers, EMC President and CEO, said, "The FORTUNE e-50 is testament to EMC 's expanding role as one of the companies that makes the Internet tick. Our customers who are also on the list have one thing in common: they understand that establishing and sustaining a successful e-business requires more than savvy marketing. Sustained net success requires an IT infrastructure capable of withstanding extreme and unpredictable demand for reliable information access and rapid delivery of new applications. Leading e-companies like Amazon.com, eToys and Excite@Home have turned to EMC to ensure their Internet reputation is supported by a rock-solid information infrastructure."
The predominance of EMC customers on the FORTUNE e-50 echoes the results of other recently published lists of the leading companies of the new economy. Companies placing EMC Enterprise Storage at the core of their IT infrastructures made up 90% or more of the 1999 BUSINESSWEEK 50, WIRED Index, and BUSINESS 2.0 magazine's list of the 20 leading Internet companies.
Along with EMC, the FORTUNE e-50 index included many other companies driving the Internet economy ? "E-Companies" such as America Online, Yahoo and Priceline; "Net Communication Companies" like AT&T, MCI WorldCom and Qwest Communications; "Net Software & Service Companies" including Microsoft, Oracle and Exodus Communications; and "Net Hardware Companies" such as Sun Microsystems, Cisco Systems and Intel. The entire index can be accessed at http://www.pathfinder.com/fortune/e50/int.html.
EMC Corporation, based in Hopkinton, Massachusetts, is the world's technology and market leader in the rapidly growing market for intelligent enterprise storage systems, software and services. The company's products store, retrieve, manage, protect and share information from all major computing environments, including UNIX, Windows NT, LINUX and mainframe platforms. The company has offices worldwide, trades on the New York Stock Exchange under the symbol EMC, and is a component of the S&P 500 Index. For further information about EMC and its storage solutions, EMC's corporate web site can be accessed at http://www.EMC.com.