In this way, EMC's products were able to extend the life of mini-computers, allowing users to upgrade and keep on using old equipment, rather than having to buy a new machine. Egan created circuit boards that could be installed in popular computer models, in order to dramatically increase a pre-existing computer's memory. Like Cambex, EMC's main product was devices that allowed computers to store information. ![]() In 1979, he founded EMC along with partner Roger Marino. Under Egan's leadership, this company's revenues grew into the multi-millions.Īfter leaving Cambex, Egan worked as a technical consultant to other big computer firms, such as Honeywell. After graduation from MIT, Egan founded a company called Cambridge Memories, later known as Cambex, which manufactured storage devices for computers. The device designed by Egan's team helped the space capsule to return safely to earth after landing on the moon. ![]() While there, he worked on a team that helped to develop a guidance system for the Apollo lunar mission. The company was named the "Most Admired Company" in the computer peripherals industry in both 19 by Fortune magazine.Įgan began his career as an electrical engineering student at the Massachusetts Institute of Technology (MIT). With sales topping $8.8 billion in 2000, the firm controlled 34.6 percent of the information storage systems market and 25.5 percent of the storage management software market. During the 1990s, EMC stock grew by 80,575 percent-the highest single-decade performance of any listed stock in the history of the New York Stock Exchange.īy 2000, EMC's customers included 93 percent of Fortune 500 financial institutions, 98 percent of the Fortune 100, and 90 percent of the Business Week 50. magazine, and Merrill Lynch, for his lifetime achievement as an entrepreneur. Egan was named the "National, Master Entrepreneur of the Year," an award sponsored by Ernst & Young, Inc. In the mid-1980s, the company experienced some trouble with its technology, but regained a leading place in its industry in the 1990s through the early introduction of a new generation of computer memory technology. EMC was started in the late 1970s, and grew rapidly through aggressive sales practices. ![]() Its main product lines include the Symmetrix Information Storage Systems, the CLARiiON Information Storage Systems, Information Storage Software, and Information Storage Services. EMC Corporation operates as the leading provider of information storage systems, software, networks, and services.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |