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  • The Boston Globe OnlineBoston.com Boston Globe Online / Business / Globe 100
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    OVERALL PERFORMANCE
    2. EMC Corp.

    By Kimberly Blanton, Globe Staff, 05/18/99

    California has Cisco Systems. Texas has Dell Computer Corp. New Jersey has Lucent Technologies Inc.

    And Massachusetts has EMC, which is growing like gangbusters.

    In the past year, the nation's biggest maker of storage systems for computer data has been featured on magazine covers, on tip sheets for hot stocks, and on the lips of analysts naming the country's most promising companies in the high-tech future.

    When it comes to data storage, ''there is not much real competition,'' an analyst told Fortune magazine, which singled out Hopkinton-based EMC in February as one of the companies riding a tsunami of potential in the computer field.

    EMC surged to second place, after Keane Inc., in The Boston Globe 100 ranking of companies that achieved outstanding financial success in 1998.

    The ranking is based on a weighted composite of various criteria, including return on equity (27.84 percent for EMC) and one-year revenue growth (up $1 billion).

    EMC has soared from 18th in The Globe 100 just two years ago.

    Most significant, EMC is adding manufacturing jobs in Massachusetts.

    While Digital Equipment Corp. - now part of Texas-based Compaq Computer Corp. - continued to shrink, EMC added 900 employees last year, boosting total employment in the state to 3,800.

    And the company isn't done yet.

    EMC is finishing construction of its manufacturing plant in Franklin. As the demand for data storage continues to rise, the company hopes to hire another 1,200 people this year, many of them for the new plant.

    This story ran on page D7 of the Boston Globe on 05/18/99.
    © Copyright 1999 Globe Newspaper Company.

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