EMC CEO Joe Tucci is gonna keep his eventual replacement waiting a while
longer.
When the company posted pretty Q4 results the other day Tucci said he won't
be stepping down this year as planned.
He said the board asked him to stay into 2013 and that "after much
soul-searching" he agreed.
"As I've said in the past, the board and I fully expect that my successor
will come from within the existing, talented and experienced ranks of the EMC
management team" - who reportedly all asked him to reconsider his transition
plans.
"I have already started to increase the responsibilities of my senior
leadership team, and when the time is right, my successor will be named.
Until then, we have much work to do."
Ex-Intel exec Pat Gelsinger, EMC's COO, is expected to succeed him.
EMC reported a record Q4, shrugging off any affects of the slowdown or the
Thai floods that have cri... (more)
It’s never a good day at the office when your shares drop by 20% in a
single day. However the relentless drive to produce better results
quarter-on-quarter is what the US stock markets demand of publicly listed
companies such as Fusion-IO. Poor results this week saw their shares
punished by a drop from just over $30 to below $25 today.
This isn’t the first reality check of its kind; think about the untouchable
STEC in the SSD market who’s shares once traded at almost $45 and are now
just under $10. Their demise was competition and the reliance of a single
customer, EMC, who d... (more)
You may have seen Amazon’s announcement of the AWS Storage Gateway beta
here, here, and here. Truth be told, the cloud storage gateway market is
starting to catch fire.
Amazon’s move validates the need for an iSCSI cloud storage gateway to
easily deliver cloud storage into business environments and acknowledges that
integration through APIs is not a process businesses will easily embrace. The
deeper implication is that gateways facilitate the adoption of cloud storage
as an alternative to on-premise or off-premise traditional storage, helping
Amazon tap into a large multi-billio... (more)
Amazon Web Services (AWS) has announced the beta of their new storage
gateway functionality that enables access of Amazon S3 (Simple Storage
Services) from your different applications using an appliance installed in
your data center site.
With this beta launch, Amazon joins other startup vendors who are providing
standalone gateway appliance products (e.g. Nasuni, Certa, etc) along with
those who have disappeared from the market (e.g. Cirtas). In addition to
gateway vendors, there are also those with cloud access added to their
software tools such as (e.g. Jungle Disk that access... (more)
"Hadoop is an enormous opportunity in big data and cloud computing as
companies today need to store and analyze massive amounts of structured and
unstructured data," stated Shawn Price (pictured left), President of Zuora,
as it was announced that he has joined Datameer's Board of Directors.
Founded by Hadoop veterans in 2009, Datameer is a provider of end-user
analytics solutions built on Apache Hadoop. It offers a data analytics
solution built on Hadoop that helps business users access, analyze and use
massive amounts of data.
Price brings to the company a wealth of successful ... (more)