Monday, August 28, 2006
For years the cost of disk space has plummeted, pressuring profits at data storage giant EMC Corp. of Hopkinton.
That's one of the factors that has been threatening EMC with irrelevance, according to the AP, which takes an in-depth look at the company today.
EMC's response: expansion. It has spent $7 billion buying companies and assets in the past three years, topped by this summer's $2.1 billion deal for RSA Security Inc.