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| Name | Symbol | Market | Type |
|---|---|---|---|
| Global X Emerging Markets Great Consumer ETF | NYSE:EMC | NYSE | Exchange Traded Fund |
| Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 29.05 | 0 | 01:00:00 |
From May 2019 to May 2024
By Steven Rosenbush
EMC Corp. Chief Executive Joe Tucci told investors on Tuesday that the company has no plans to spin off its stake in VMware Inc., despite the calls of some shareholders.
"We do think our model and the opportunity out there is far better served if we go together. We are going up against giants, going up against IBM. I really believe we are more trusted and win more awards when we are together. That is the plan," Mr. Tucci said.
"But the board is focused on long-term shareholder value."
Mr. Tucci's comments Tuesday come as EMC is getting pressure from investors to spin off VMware.
The company told investors that earnings-per-share growth will expand to double digits by 2018, as six strategic investments in areas such as Big Data, cloud, and all-flash storage arrays pay off.
EMC has about an 80% stake in VMware.
Write to Steven Rosenbush at steven.rosenbush@wsj.com
Access Investor Kit for EMC Corp.
Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=US2686481027
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Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=US9285634021
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