Exhibit 99.1

FOR IMMEDIATE RELEASE Contact:  Greg Eden                 508-293-7195                 eden_greg@emc.com

EMC REPORTS SECOND QUARTER RESULTS

HOPKINTON, Mass. – July 14, 2006 – EMC Corporation (NYSE:EMC), the world leader in information management and storage, today reported full financial results for the second quarter of 2006. The company’s 12th consecutive quarter of double-digit revenue growth was highlighted by increased demand for VMware™ virtual infrastructure software and EMC Documentum^® content management software.

Total consolidated revenue for the second quarter of 2006 was $2.57 billion, 10% higher than the $2.34 billion reported for the second quarter of 2005.

Net income for the second quarter of 2006 was $279 million or $0.12 per diluted share on a GAAP (generally accepted accounting principles) basis, which includes a charge of $0.02 per share for stock option expense, an additional $0.02 expense related to amortization of intangible assets and other equity compensation, and a $0.01 tax benefit, net of an in-process research and development charge. Excluding these items, non-GAAP earnings per share for the second quarter grew 15% to $0.15 per diluted share, compared with non-GAAP second quarter 2005 earnings per diluted share of $0.13, which excludes $0.01 per share for amortization of intangible assets and equity compensation expense. Additional information about EMC’s net income is included within the supplemental tables released with today’s second-quarter financial announcement.

Joe Tucci, EMC Chairman, President and Chief Executive Officer, said, “While our execution was not up to our own high standards, our business and customer demand for our products and solutions remain strong. The compelling evidence is the 14% year-over-year growth in new bookings, which speaks to the broad customer endorsement of EMC’s information lifecycle management strategy and the great value customers see in our unique technology. We know what we need to do to sharpen our execution going forward and will focus our efforts on both EMC’s short-term performance and our company’s long-term growth and opportunity.”

“EMC has the most comprehensive information infrastructure portfolio in the industry, spanning platforms, software, services and solutions,” Tucci continued. “In many of these areas, we delivered strong performances in the second quarter. For example, VMware had a record quarter, our content management software business again delivered very strong double-digit growth, and license revenues from EMC Smarts software nearly doubled. Our strategy continues to be validated by the performance of our newer software businesses, which are driven by the technology and people that have joined EMC through acquisition.”

Systems revenue in the second quarter was $1.15 billion, an 8% increase over the year-ago quarter. Software license and maintenance revenue grew 14% to $997 million. Professional services, systems maintenance and other services revenue grew 9% year-over-year to $424 million.

EMC completed the second quarter with $6.3 billion in cash and investments. Year-to-date the company has spent approximately $1.5 billion to purchase EMC shares in the open market and to redeem $125 million in convertible debt.

Bill Teuber, EMC Vice Chairman and Chief Financial Officer, said, “We continued to leverage our strong balance sheet during the quarter, deploying cash to deliver value to our shareholders. We accelerated our buyback program and are well on our way to meeting our commitment to spend at least $3 billion on EMC share repurchases by the end of this year. We also continued to add to our technology portfolio and customer base during the quarter, buying five small yet strategic software and services firms, and announcing an agreement to acquire RSA Security, the leader in protecting and managing identities and digital assets.”

Second Quarter Highlights

EMC’s newer software businesses continued to show strong financial performance during the second quarter. Excluding the impact of Captiva, content management software license revenues grew 30%, reflecting the growing synergy with EMC’s traditional information storage business and customer appreciation for the EMC Documentum suite of content management products. During the quarter, EMC Documentum eRoom and Documentum Business Process Management software each received the coveted AIIM E-DOC Magazine AIIM 2006 Best of Show Award for exceptional quality and significant ROI potential for customers.

EMC backup and archive software license revenue returned to double-digit growth, increasing 13% over the prior-year second quarter. Organizations continue to turn to EMC software products, notably NetWorker, not only to back up and protect, but also to more quickly and reliably recover their data with minimal disruption to business operations.

EMC Smarts resource management software license revenue growth continued to accelerate during the second quarter as customers transition to model-based resource management to pinpoint service-affecting problems automatically and calculate the impact of those problems in real time without human intervention. Major advancements for EMC’s resource management business in the quarter included the announcement of the breakthrough EMC Smarts Storage Insight for Availability software for automating root-cause and impact analysis of availability problems across the fibre channel storage area network, and the acquisition of nLayers, which brings EMC the necessary insight into application behavior and all interdependencies within the IT infrastructure.

VMware, an independent EMC subsidiary, grew total revenues 73% year-over-year to $157 million, its highest growth rate in five quarters. VMware’s exceptional growth reflects customers’ increasing adoption and standardization on VMware Infrastructure and the success of its growing virtual appliance/software life cycle and enterprise desktop businesses. VMware Infrastructure 3, which shipped in the last month of the quarter, added significant new hypervisor platform functionality as well as a suite of groundbreaking new virtualization-leveraging services including distributed resource management, high availability, and online agent-less backup. VMware launched the Virtual Desktop Infrastructure Alliance during the quarter, with more than 20 hardware, software and service providers joining the initiative focused on hosted and mobile enterprise desktop solutions. VMware continued its focus on industry standards during the quarter, releasing the virtual machine disk format (VMDK) for free and without license.

Business Outlook

The following statements are based on current expectations. These statements are forward looking, and actual results may differ materially. These statements do not give effect to the potential impact of the announced acquisition of RSA Security Inc. or of any other mergers, acquisitions, divestitures or business combinations that may be announced or closed after the date hereof. These statements supersede all prior statements regarding business outlook set forth in prior EMC news releases.

• Consolidated revenues for the third quarter of 2006 are expected to be at or above $2.66 billion.

• GAAP diluted earnings per share for the third quarter are expected to be $0.12. Non-GAAP diluted earnings per share are expected to be approximately $0.16, excluding a $0.02 charge for stock option expense and a charge of $0.02 for intangible amortization and restricted stock expense.

• Consolidated revenues for 2006 are expected to exceed $10.8 billion.

• GAAP diluted earnings per share for 2006 are expected to be approximately $0.51. Non-GAAP diluted earnings per share are expected to be approximately $0.68, excluding a $0.09 charge for stock option expense and a charge of $0.08 for intangible amortization and restricted stock expense.

About EMC

EMC Corporation (NYSE: EMC) is the world leader in products, services and solutions for information management and storage that help organizations extract the maximum value from their information, at the lowest total cost, across every point in the information lifecycle. Information about EMC’s products and services can be found at www.EMC.com.

EMC, Documentum, Smarts, Captiva, Retrospect and Symmetrix are registered trademarks of EMC Corporation, and eRoom, Networker and nLayers are trademarks of EMC. VMware is a registered trademark of VMware, Inc. All other trademarks are the property of their respective owners.

This release 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) adverse changes in general economic or market conditions; (ii) delays or reductions in information technology spending; (iii) risks associated with acquisitions and investments, including the challenges and costs of integration, restructuring and achieving anticipated synergies; (iv) competitive factors, including but not limited to pricing pressures and new product introductions; (v) the relative and varying rates of product price and component cost declines and the volume and mixture of product and services revenues; (vi) component and product quality and availability; (vii) the transition to new products, the uncertainty of customer acceptance of new product offerings and rapid technological and market change; (viii) insufficient, excess or obsolete inventory; (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 filings with the U.S. Securities and Exchange Commission. EMC disclaims any obligation to update any such forward-looking statements after the date of this release.

This release contains non-GAAP financial measures. These non-GAAP financial measures, which are used as measures of EMC’s performance, should be considered in addition to, not as a substitute for, or superior to, measures of EMC’s financial performance prepared in accordance with GAAP. A reconciliation of these non-GAAP financial measures to GAAP is provided in the text of this release or in the tables entitled “Selected Non-GAAP Data” for the periods ended June 30, 2006 and 2005 attached to this release. EMC’s non-GAAP measures may be defined differently

than similar terms used by other companies, and accordingly, care should be exercised in understanding how EMC defines its non-GAAP financial measures.

Specifically, stock option expense, restricted stock expense and intangible amortization is excluded from each non-GAAP financial measure in this release. Management views these items as non-cash expenses that are reported internally as corporate expenses. In addition, in some cases where specified, restructuring and other special charges and certain tax benefits are excluded from net income and earnings per share. For purposes of its internal budgets and each reporting segment’s financial goals, EMC’s management uses financial statements that do not include such items.

EMC’s management uses these non-GAAP financial measures to gain an understanding of EMC’s comparative operating performance (when comparing such results with previous periods or forecasts) and future prospects. These non-GAAP financial measures are also used by EMC’s management in their financial and operating decision-making because management believes they reflect the underlying economics of EMC’s ongoing business in a manner that allows meaningful period-to-period comparisons. Such comparisons may be more meaningful because operating results presented under GAAP may include, from time to time, items that are not necessarily relevant to understand EMC’s business and may, in some cases, be difficult to forecast accurately for future periods. EMC’s management believes that these non-GAAP financial measures provide useful information to investors and others in understanding and evaluating EMC’s current operating performance and future prospects in the same manner as management does if they so choose. These non-GAAP financial measures have limitations, however, because they do not include all items of income and expense that affect EMC’s operations. One material limitation of a non-GAAP financial measure that excludes stock-based compensation and intangible amortization is that it does not reflect any benefit that such items may confer on EMC. Management compensates for this and other limitations by also considering EMC’s financial results as determined in accordance with GAAP.

EMC CORPORATION

Consolidated Income Statements

(in thousands, except per share amounts)

Unaudited

	Three Months Ended						Six Months Ended
	June 30,			June 30,			June 30,			June 30,
	2006			2005			2006			2005
Revenues:
Product sales	$	1,833,598		$	1,688,330		$	3,682,128		$	3,308,833
Services		740,925			656,485			1,443,082			1,279,113
		2,574,523			2,344,815			5,125,210			4,587,946
Cost and expenses:
Cost of product sales		884,741			813,080			1,802,638			1,611,619
Cost of services		331,790			275,093			631,237			545,464
Research and development		299,429			253,342			582,918			487,639
Selling, general and administrative		782,016			642,654			1,530,240			1,258,400
Restructuring and other special charges		12,024			—			10,830			968
Operating income		264,523			360,646			567,347			683,856
Investment income		61,713			43,494			123,516			86,489
Interest expense		(621	)		(1,983	)		(2,631	)		(4,016	)
Other income (expense), net		479			(1,069	)		3,195			(3,373	)
Income before taxes		326,094			401,088			691,427			762,956
Income tax provision		47,001			107,724			136,506			199,758
Income before cumulative effect of change in accounting principle		279,093			293,364			554,921			563,198
Cumulative effect of change in accounting principle, net of tax benefit of $808		—			—			(3,372	)		—
Net income	$	279,093		$	293,364		$	551,549		$	563,198
Net income per weighted average share, basic:
Income before cumulative effect of a change in accounting principle	$	0.12		$	0.12		$	0.24		$	0.24
Cumulative effect of a change in accounting principle	$	—		$	—		$	—		$	—
Net income	$	0.12		$	0.12		$	0.24		$	0.24
Net income per weighted average share, diluted:
Income before cumulative effect of a change in accounting principle	$	0.12		$	0.12		$	0.23		$	0.23
Cumulative effect of a change in accounting principle	$	—		$	—		$	—		$	—
Net income	$	0.12		$	0.12		$	0.23		$	0.23
Weighted average shares, basic		2,306,457			2,391,826			2,328,360			2,393,658
Weighted average shares, diluted		2,341,785			2,442,359			2,371,301			2,442,897
As a % of total revenue:
Gross margin		52.7%			53.6%			52.5%			53.0%
Selling, general and administrative		30.4%			27.4%			29.9%			27.4%
Research and development		11.6%			10.8%			11.4%			10.6%
Operating income		10.3%			15.4%			11.1%			14.9%
Net income		10.8%			12.5%			10.8%			12.3%

EMC CORPORATION

Selected Non-GAAP Data

For the Three Months Ended June 30, 2006

(in thousands, except per share amounts)

Unaudited

	Costs and Expenses												Operating Income		Income Before Tax		Income Tax Provision		Net Income			Net Income per Weighted Average Share, Basic			Net Income per Weighted Average Share, Diluted
	Cost of Revenue			Research and Development			Selling, General and Administrative			Restructuring and Other Special Charges
GAAP	$	1,216,531		$	299,429		$	782,016		$	12,024		$	264,523	$	326,094	$	47,001	$	279,093		$	0.12		$	0.12
Adjustments to reconcile to Non-GAAP:
Stock Option Expense (1)		(14,225	)		(13,839	)		(37,114	)		—			65,178		65,178		10,133		55,045		$	0.02		$	0.02
Restricted Stock Expense (1)		(2,214	)		(11,996	)		(18,935	)		—			33,145		33,145		9,355		23,790		$	0.01		$	0.01
Intangible Amortization (2)		(21,853	)		(3,277	)		(10,594	)		—			35,724		35,724		12,551		23,173		$	0.01		$	0.01
In-Process Research and Development (3)		—			—			—			(12,024	)		12,024		12,024		—		12,024		$	0.01		$	0.01
Tax benefits (4)		—			—			—			—			—		—		33,266		(33,266	)	$	(0.01	)	$	(0.01	)
Non-GAAP	$	1,178,239		$	270,317		$	715,373		$	—		$	410,594	$	472,165	$	112,306	$	359,859		$	0.16		$	0.15	#

(1) Represents equity compensation recognized pursuant to Financial Accounting Board Standard No. 123R "Share-Based Payment".

(2) Represents amortization associated with intangible assets acquired in connection with business combinations.

(3) Represents in-process research and development associated with business combinations.

(4) Represent settlement of tax contingencies.

# May not foot due to rounding.

EMC CORPORATION

Selected Non-GAAP Data

For the Three Months Ended June 30, 2005

(in thousands, except per share amounts)

Unaudited

	Costs and Expenses									Operating Income		Income Before Tax		Income Tax Provision		Net Income		Net Income per Weighted Average Share, Basic			Net Income per Weighted Average Share, Diluted
	Cost of Revenue			Research and Development			Selling, General and Administrative
GAAP	$	1,088,173		$	253,342		$	642,654		$	360,646	$	401,088	$	107,724	$	293,364	$	0.12		$	0.12
Adjustments to reconcile to Non-GAAP:
Stock Option Expense (1)		(797	)		(3,059	)		(3,663	)		7,519		7,519		2,714		4,805	$	0.00		$	0.00
Restricted Stock Expense (1)		(510	)		(4,427	)		(8,062	)		12,999		12,999		4,693		8,306	$	0.00		$	0.00
Intangible Amortization (2)		(17,987	)		(3,175	)		(6,881	)		28,043		28,043		10,207		17,836	$	0.01		$	0.01
Non-GAAP	$	1,068,879		$	242,681		$	624,048		$	409,207	$	449,649	$	125,338	$	324,311	$	0.14	#	$	0.13

(1) Represents equity compensation recognized pursuant to Accounting Principles Board Opinion No. 25 “Accounting for Stock Issued to Employees”.

(2) Represents amortization associated with intangible assets acquired in connection with business combinations.

# May not foot due to rounding.

EMC CORPORATION

Consolidated Balance Sheets

(in thousands, except per share amounts)

Unaudited

	June 30, 2006			December 31, 2005
ASSETS
Current assets:
Cash and cash equivalents	$	1,560,384		$	2,322,370
Short-term investments		1,237,614			1,615,495
Accounts and notes receivable, less allowance for doubtful accounts of $36,109 and $38,126		1,264,519			1,405,564
Inventories		763,771			724,751
Deferred income taxes		348,122			326,318
Other current assets		239,963			179,478
Total current assets		5,414,373			6,573,976
Long-term investments		3,487,049			3,417,589
Property, plant and equipment, net		1,836,399			1,754,035
Intangible assets, net		555,726			563,024
Other assets, net		649,389			598,252
Goodwill, net		4,114,928			3,883,507
Total assets	$	16,057,864		$	16,790,383
LIABILITIES & STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable	$	616,686		$	583,756
Accrued expenses		1,245,708			1,279,857
Income taxes payable		420,334			645,694
Deferred revenue		1,269,613			1,164,551
Total current liabilities		3,552,341			3,673,858
Deferred revenue		690,773			640,598
Deferred income taxes		122,335			175,192
Long-term convertible debt		—			126,963
Other liabilities		116,740			108,342
Commitments and contingencies
Stockholders' equity:
Series preferred stock, par value $.01; authorized 25,000 shares, none outstanding		—			—
Common stock, par value $.01; authorized 6,000,000 shares; issued 2,298,488 and 2,384,147 shares		22,985			23,841
Additional paid-in capital		4,506,133			5,867,076
Deferred compensation		—			(332,311	)
Retained earnings		7,122,060			6,570,511
Accumulated other comprehensive loss		(75,503	)		(63,687	)
Total stockholders' equity		11,575,675			12,065,430
Total liabilities and stockholders' equity	$	16,057,864		$	16,790,383

EMC CORPORATION

Consolidated Statements of Cash Flows

(in thousands)

Unaudited

	Six Months Ended
	June 30, 2006			June 30, 2005
Cash flows from operating activities:
Cash received from customers	$	5,423,035		$	4,722,463
Cash paid to suppliers and employees		(4,124,686	)		(3,761,901	)
Dividends and interest received		134,906			111,090
Interest paid		(2,696	)		(5,107	)
Income taxes paid		(401,357	)		(37,721	)
Net cash provided by operating activities		1,029,202			1,028,824
Cash flows from investing activities:
Additions to property, plant and equipment		(316,120	)		(253,652	)
Capitalized software development costs		(96,074	)		(82,536	)
Purchases of short and long-term available for sale securities		(3,486,712	)		(4,822,195	)
Sales and maturities of short and long-term available for sale securities		3,752,790			4,937,156
Business acquisitions, net of cash acquired		(296,730	)		(262,125	)
Other		(13,910	)		(2,100	)
Net cash used in investing activities		(456,756	)		(485,452	)
Cash flows from financing activities:
Issuance of common stock		129,897			136,845
Purchase of treasury stock		(1,375,608	)		(270,906	)
Excess tax benefits from stock based compensation		9,727			—
Payment of long-term and short-term obligations		(127,396	)		(88	)
Proceeds from long-term and short-term obligations		85			192
Net cash used in financing activities		(1,363,295	)		(133,957	)
Effect of exchange rate changes on cash		28,863			(33,775	)
Net (decrease) increase in cash and cash equivalents		(761,986	)		375,640
Cash and cash equivalents at beginning of period		2,322,370			1,476,803
Cash and cash equivalents at end of period	$	1,560,384		$	1,852,443
Reconciliation of net income to net cash provided by operating activities:
Net income	$	551,549		$	563,198
Adjustments to reconcile net income to net cash provided by operating activities:
Cumulative effect of a change in accounting principle		3,372			—
Depreciation and amortization		364,641			316,516
Non-cash restructuring and other special charges		12,410			3,100
Stock-based compensation expense		201,938			34,393
Provision for doubtful accounts		866			3,748
Deferred income taxes, net		(67,065	)		24,312
Tax benefit from stock options exercised		—			30,659
Excess tax benefits from stock based compensation		(9,727	)		—
Other		14,977			24,618
Changes in assets and liabilities, net of acquisitions:
Accounts and notes receivable		147,483			22,750
Inventories		(19,999	)		(167,209	)
Other assets		(72,514	)		(10,630	)
Accounts payable		22,884			(62,700	)
Accrued expenses		(76,886	)		37,416
Income taxes payable		(198,018	)		107,756
Deferred revenue		149,476			108,019
Other liabilities		3,815			(7,122	)
Net cash provided by operating activities	$	1,029,202		$	1,028,824
Non-cash activity:
–   Issuance of stock options exchanged in business combinations	$	7,500		$	37,360

EMC CORPORATION

Supplemental Financial Data

Revenue Analysis

(in thousands)

Unaudited

Revenue Components

	Q1 2005			Q2 2005			Q3 2005			Q4 2005			YTD 2005			Q1 2006			Q2 2006			YTD 2006
Revenues
Systems	$	1,025,971		$	1,068,725		$	1,091,881		$	1,300,290		$	4,486,867		$	1,226,928		$	1,151,600		$	2,378,528
Software:
Software License		594,532			619,605			595,396			712,626			2,522,159			621,602			681,998			1,303,600
Software Maintenance		237,894			258,622			269,145			287,587			1,053,248			303,202			315,189			618,391
Total Software License & Maintenance		832,426			878,227			864,541			1,000,213			3,575,407			924,804			997,187			1,921,991
Professional, Systems Maintenance and Other Services		374,609			389,359			402,087			402,830			1,568,885			396,081			423,525			819,606
		2,233,006			2,336,311			2,358,509			2,703,333			9,631,159			2,547,813			2,572,312			5,120,125
Other Businesses		10,125			8,504			7,233			6,934			32,796			2,874			2,211			5,085
Total Consolidated Revenues	$	2,243,131		$	2,344,815		$	2,365,742		$	2,710,267		$	9,663,955		$	2,550,687		$	2,574,523		$	5,125,210
Percentage impact to EMC revenue growth rate due to changes in exchange rates from the prior year		1.7	%		1.7	%		0.6	%		(0.5	)%		0.8	%		(2.1	)%		(1.1	)%		(1.6	)%

EMC Corporation

Supplemental Financial Data

Revenue Analysis

(in thousands)

Unaudited

Supplemental Revenue Data

	Q1 2005		Q2 2005		Q3 2005		Q4 2005		YTD 2005		Q1 2006		Q2 2006		YTD 2006
Symmetrix Hardware and Software Revenue ( a )	$	652,328	$	677,655	$	633,308	$	754,345	$	2,717,636	$	718,356	$	676,649	$	1,395,005
CLARiiON Hardware and Software Revenue ( a )		418,641		430,960		425,375		518,729		1,793,705		472,003		446,511		918,514
Connectivity Revenue ( b )		176,053		188,189		226,829		242,992		834,063		204,113		211,713		415,826
Platform Software License Revenue	$	284,485	$	312,827	$	284,446	$	333,442	$	1,215,200	$	272,819	$	291,059	$	563,878
Platform Software Maintenance Revenue		100,064		104,601		109,727		116,182		430,574		124,057		118,883		242,940
Total Platform Revenue	$	384,549	$	417,428	$	394,173	$	449,624	$	1,645,774	$	396,876	$	409,942	$	806,818
Multi-platform Software License Revenue:
Resource Management Software License Revenue	$	146,708	$	151,833	$	141,002	$	167,404	$	606,947	$	136,467	$	150,652	$	287,119
Backup and Archive Software License Revenue		51,742		49,877		50,467		59,881		211,967		40,797		56,218		97,015
Content Management Software License Revenue		49,302		39,160		47,637		64,400		200,499		79,675		70,234		149,909
Total Multi-platform Software License Revenue	$	247,752	$	240,870	$	239,106	$	291,685	$	1,019,413	$	256,939	$	277,104	$	534,043
Multi-platform Software Maintenance Revenue		125,371		134,476		137,196		149,258		546,301		149,534		162,711		312,245
Total Multi-platform Software License and Maintenance Revenue	$	373,123	$	375,346	$	376,302	$	440,943	$	1,565,714	$	406,473	$	439,815	$	846,288
VMware Software License Revenue	$	62,295	$	65,908	$	71,844	$	87,499	$	287,546	$	91,844	$	113,835	$	205,679
VMware Maintenance and Services Revenue		17,795		25,019		29,416		27,710		99,940		39,169		43,657		82,826
Total VMware Revenue	$	80,090	$	90,927	$	101,260	$	115,209	$	387,486	$	131,013	$	157,492	$	288,505

(a) Includes hardware, hardware upgrades and platform software.

(b) Includes Connectrix fibre channel switch/director revenues, Celerra file server revenue, exclusive of disk revenue, Rainstorage product revenues and Invista product revenues.