-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, NlBG3LQFoaKEp2EqQmxSh89qBFc6OHuvD8FCBOhIB4UJAS42q3uhDQnPfPyKu2PU kWLaPnpq+52v7NIYgfQRAA== 0000950172-03-003019.txt : 20031014 0000950172-03-003019.hdr.sgml : 20031013 20031014161830 ACCESSION NUMBER: 0000950172-03-003019 CONFORMED SUBMISSION TYPE: 425 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20031014 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: DOCUMENTUM INC CENTRAL INDEX KEY: 0000930885 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 954261421 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 425 SEC ACT: 1934 Act SEC FILE NUMBER: 000-27358 FILM NUMBER: 03939871 BUSINESS ADDRESS: STREET 1: 6801 KOLL CENTER PARKWAY CITY: PLEASANTON STATE: CA ZIP: 94566-3145 BUSINESS PHONE: 9256006800 MAIL ADDRESS: STREET 1: 6801 KOLL CENTER PARKWAY CITY: PLEASANTON STATE: CA ZIP: 94566-3145 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: EMC CORP CENTRAL INDEX KEY: 0000790070 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER STORAGE DEVICES [3572] IRS NUMBER: 042680009 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 425 BUSINESS ADDRESS: STREET 1: 176 SOUTH STREET CITY: HOPKINTON STATE: MA ZIP: 01748-9103 BUSINESS PHONE: 5084351000 MAIL ADDRESS: STREET 1: 176 SOUTH STREET CITY: HOPKINTON STATE: MA ZIP: 01748-9103 425 1 bos285922.txt FORM 425 Filed by EMC Corporation. Pursuant to Rule 425 under the Securities Act of 1933 and deemed filed pursuant to Rule 14a-12 of the Securities Exchange Act of 1934 Subject Company: Documentum, Inc. Commission File No. 000-27358 This filing relates to the proposed merger pursuant to the terms of that certain Agreement and Plan of Merger, dated as of October 13, 2003 (the "Merger Agreement"), by and among EMC Corporation ("EMC"), Elite Merger Corporation, a wholly owned subsidiary of EMC, and Documentum, Inc. ("Documentum"). The Merger Agreement is on file with the Securities and Exchange Commission as an exhibit to the Current Report on Form 8-K filed by EMC on October 14, 2003, and is incorporated by reference into this filing. The following is a Company information summary. Additional Information and Where to Find it In connection with the proposed transaction, EMC and Documentum intend to file a proxy statement/prospectus with the U.S. Securities and Exchange Commission (the "SEC"). Investors and security holders of EMC and Documentum are advised to read the proxy statement/prospectus when it becomes available, because it will contain important information about EMC, Documentum and the proposed transaction. Investors and security holders may obtain a free copy of the proxy statement/prospectus, when available, and other documents filed by EMC and Documentum with the SEC at the SEC's website at www.sec.gov. Free copies of the proxy statement/prospectus, when available, and each company's other filings with the SEC also may be obtained from the respective companies. Free copies of EMC' filings may be obtained by directing a request to EMC. You can request this information via the web at www.EMC.com/IR/request or by sending a written request to EMC Investor Relations, EMC Corporation, 176 South Street, Hopkinton, MA 01748. Free copies of Documentum's filings may be obtained by directing a request to Documentum Investor Relations, Documentum, Inc., 6801 Koll Center Parkway, Pleasanton, CA 94566. In addition, investors and security holders may access copies of the documents filed with the SEC by EMC on EMC's website at www.emc.com, and investors and security holders may access copies of the documents filed with the SEC by Documentum on Documentum's website at www.documentum.com. Documentum, its directors and executive officers may be deemed to be participants in the solicitation of proxies from Documentum stockholders in favor of the proposed transaction. A description of the interests of the directors and executive officers of Documentum is set forth in Documentum's proxy statement for its 2003 annual meeting, which was filed with the Securities and Exchange Commission on April 24, 2003. Investors and security holders may obtain additional information regarding the interests of such potential participants by reading the definitive proxy statement/prospectus and the other relevant documents filed with the Securities and Exchange Commission when they become available. ### Forward Looking Statements This document contains "forward-looking statements" as defined under the Federal Securities Laws. Actual results could differ materially from those projected in the forward-looking statements as a result of certain risk factors, including but not limited to: (i) risks associated with strategic investments and acquisitions, including the challenges and costs of closing, integration, restructuring and achieving anticipated synergies associated with the announced plans to acquire LEGATO Systems, Inc. (Nasdaq: LGTO) and Documentum, Inc.; (ii) adverse changes in general economic or market conditions; (iii) delays or reductions in information technology spending; (iv) the transition to new products, the uncertainty of customer acceptance of new product offerings, and rapid technological and market change; (v) insufficient, excess or obsolete inventory; (vi) competitive factors, including but not limited to pricing pressures; (vii) component quality and availability; (viii) the relative and varying rates of product price and component cost declines and the volume and mixture of product and services revenues; (ix) war or acts of terrorism; (x) the ability to attract and retain highly qualified employees; (xi) fluctuating currency exchange rates; and (xii) other one-time events and other important factors disclosed previously and from time to time in EMC's and Documentum's filings with the U.S. Securities and Exchange Commission. EMC and Documentum disclaim any obligation to update any such-forward looking statements after the date of this document. Slide 1 - Appendix - Facts and Figures Slide 2 -
Documentum/EMC Facts and Figures - 2002 data Fact EMC Documentum Legato - --------------------------------------------------------------------------------------------------------------- Revenues '02 $5.4B $227MM $261M - --------------------------------------------------------------------------------------------------------------- Open Software Revenue $110 M license only $69MM (36MM/52% Svcs,33MM/ $76.6 (34.8 SW; 41.7 SVCS) Q2'03 48% Lic.) 3Q forecast: $73.5MM LTM: $275MM - --------------------------------------------------------------------------------------------------------------- Channel Mix Slightly less than Direct 87% Direct 25% 2/3 Direct Indirect 13% Indirect 75% More than 1/3 Indirect - --------------------------------------------------------------------------------------------------------------- Geographic Mix 2Q'03 License Revenue (2Q03) NA 54% NA 60% NA: 53% EMEA 35% EMEA 27% Europe: 38% ROW 11% ROW 13% ROW: 9% - --------------------------------------------------------------------------------------------------------------- Number of employees WW 17,200 Approx. 1144 1560 179 (G&A) - --------------------------------------------------------------------------------------------------------------- Total 2002 R&D spend $781M $38M 69M EMC spends 75% of R&D on SW (Platform + Multi-platform) - --------------------------------------------------------------------------------------------------------------- Number of R&D employees 3000 266 452 - ---------------------------------------------------------------------------------------------------------------
Slide 3 - Documentum/EMC Facts and Figures - 2002 data
- ---------------------------------------------------------------------------------------------------------------------------- Fact EMC Documentum Legato - ---------------------------------------------------------------------------------------------------------------------------- Number of sales reps 5600 (customer facing employees) 573 customer facing personnel 230 reps; 140 SEs 420 are commissioned 500 customer facing personnel - ---------------------------------------------------------------------------------------------------------------------------- Number of customers Presence in majority of Fortune Enterprise focus 31,000 installed customers 1000 2500 overall Over 350 of Global 500 (>70%) Approx. 9,900 customers at the parent company level Mostly Global 2000 - ---------------------------------------------------------------------------------------------------------------------------- Product focus Storage systems, software, Enterprise Content Management Information Access (App/Email services Solutions with five editions: XTender) o records management, o digital asset management, Application Availability o Documents management (RepliStor, Cluster Server) o Collaboration content o Web content Information Protection (Networker, DiskXtender, AlphaStor) - ---------------------------------------------------------------------------------------------------------------------------- Product Mix 2Q'03 Total 2Q'03 Storage (2Q03) FY02 54% Systems 55% Systems 52 % Services 43% License 22% Software 22% Software 48 % Licensing 7% Royalty 22% Services 23% Services 49% Service/Maintenance 3% Other - ---------------------------------------------------------------------------------------------------------------------------- Customer Satisfaction >95% High (no satisfaction scores 92% cust sat and renewals over 90% available): 60-80% of revenue (Q2 current) from existing customers (77% in 2Q02) - ---------------------------------------------------------------------------------------------------------------------------- Number of channel 300 550 (source: CIBC) - [approx.] Over 400 channel partners partners 76% of revenue influenced by partners 1028 certified specialists - ----------------------------------------------------------------------------------------------------------------------------
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