-----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, UGnIGYmn7VsueWLcrf/kPmS+7MsbasHnvLcURruvGNnxdxf0k7nyxW9DKcc9rULK 1XTe4CR+QvE3JrmkfWTVlg== 0001193125-07-026979.txt : 20070212 0001193125-07-026979.hdr.sgml : 20070212 20070212135426 ACCESSION NUMBER: 0001193125-07-026979 CONFORMED SUBMISSION TYPE: 8-K/A PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20070207 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20070212 DATE AS OF CHANGE: 20070212 FILER: 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: 8-K/A SEC ACT: 1934 Act SEC FILE NUMBER: 001-09853 FILM NUMBER: 07601789 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 8-K/A 1 d8ka.htm AMENDMENT TO FORM 8K Amendment to Form 8K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K/A

CURRENT REPORT

Pursuant to Section 13 or 15 (d) of the Securities Exchange Act of 1934

Date of report (Date of earliest event reported): February 7, 2007

EMC CORPORATION


(Exact Name of Registrant as Specified in Charter)

 

Massachusetts   1-9853   No. 04-2680009

(State or Other Jurisdiction of Incorporation)   (Commission File Number)   (I.R.S. Employer Identification No.)

 

176 South Street, Hopkinton, MA   01748

(Address of Principal Executive Offices)   (Zip code)

Registrant’s telephone number, including area code: (508) 435-1000

N/A


(Former Name or Former Address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 



This Amendment to Current Report on Form 8-K is being furnished by EMC Corporation (“EMC”) to clarify the disclosures made in EMC’s Current Report on Form 8-K on February 9, 2007.

Item 8.01. Other Events.

On February 7, 2007, EMC Corporation (“EMC”) issued a press release announcing its intention to sell approximately 10% of its wholly-owned subsidiary, VMware, Inc. in an initial public offering. The press release is attached hereto as Exhibit 99.1 and incorporated by reference herein.

The information in this Form 8-K and the Exhibit attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, regardless of any general incorporation language in such filing.

Item 9.01. Financial Statements and Exhibits.

 

  (d) Exhibits

 

  99.1 Press release of EMC Corporation dated February 7, 2007

 

2


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

EMC CORPORATION

By:   /s/    Paul T. Dacier                                    

        Paul T. Dacier

        Executive Vice President and

        General Counsel

Date: February 12, 2007

 

3


EXHIBIT INDEX

Exhibit No.           Description

 

  99.1             Press Release of EMC Corporation dated February 7, 2007

 

EX-99.1 2 dex991.htm PRESS RELEASE Press Release

Exhibit 99.1

 

   Contact:   Greg Eden
     EMC Corporation
     508-293-7195
     eden_greg@emc.com
     Amber Rowland
     VMware, Inc.
     650-842-9519

FOR IMMEDIATE RELEASE

     arowland@vmware.com

EMC ANNOUNCES INITIAL PUBLIC OFFERING

OF VMWARE

IPO Expected to Unlock Market Value of VMware for EMC Shareholders

PALO ALTO, Calif., and HOPKINTON, Mass. – February 7, 2007 – EMC Corporation (NYSE:EMC), the world leader in information infrastructure solutions, today announced its intention to sell approximately 10% of VMware via an initial public offering (IPO) of newly issued VMware stock. EMC will retain ownership of the remaining shares of VMware, and has no intention of spinning out or otherwise divesting this ownership interest. VMware is the global leader in software for industry-standard virtualized desktops and servers and is currently a wholly-owned subsidiary of EMC.

Joe Tucci, EMC Chairman, President and Chief Executive Officer, said, “VMware is one of the fastest-growing businesses in the history of the software industry. We expect the IPO to unlock more of VMware’s value for EMC shareholders while also strengthening its ability to retain and attract the software industry’s top talent.”

VMware had record sales in 2006, growing revenues 83% during the year to $709 million. It finished the fourth quarter of 2006 with year-over-year revenue growth of 101%, delivering accelerating year-over-year growth for the fifth consecutive quarter.

Diane Greene, VMware President and EMC Executive Vice President, said, “VMware has secured its leadership position in the virtualization market through industry-leading and award-winning products. Our focus on people, innovation, and the customer adoption of our products has enabled us to continue to grow our company and deliver significant value. We expect that the IPO will help us execute on our vision of an industry standard virtual infrastructure. It should enable us to accelerate our ability to find and attract great people, continue to invest in great product development, and grow an even stronger partner ecosystem.”

VMware’s products have saved organizations of virtually all sizes and industries millions of dollars in hardware and operational expenses, power and cooling costs, reduced downtime expenses, and improved desktop manageability. VMware has brought these


savings to customers through innovative and groundbreaking products that have a reputation for quality and excellence. In 2006, VMware received 30 awards for innovation and product excellence, including eWEEK’s award for being one of the most 25 influential products of the past 25 years.

David Goulden, EMC Executive Vice President and Chief Financial Officer, said, “The proceeds from this transaction are expected to provide VMware with the financial resources it needs to achieve its full growth potential. The IPO is also expected to provide EMC with the potential to return a portion of the original investment in VMware to EMC shareholders, while enabling them to retain majority ownership in this strategic EMC business.”

EMC believes the IPO, which is expected to occur this summer, will provide both EMC and VMware with a number of significant advantages including:

 

   

Improved visibility into VMware’s performance and growth relative to the market.

 

   

Strengthened VMware employee retention and recruitment through a broad-based equity award pool.

 

   

Reinforced commitment to VMware’s open platform strategy.

Tucci continued, “We are dedicated to VMware’s open platform strategy and partnerships with industry-leading technology companies both large and small. VMware’s open platform strategy is critical to the growth of virtual infrastructure as an industry standard layer that benefits all customers and partners.”

The IPO is not expected to have a material impact on EMC’s 2007 business outlook. VMware will be a publicly traded entity upon completion of the transaction. Tucci and Greene are expected to be named to VMware’s Board of Directors.

Conference Call Details

Tucci, Greene and Goulden will discuss today’s announcement on a conference call for financial analysts, investors and the news media at 5:00 p.m. EST, today. The dial-in number is 1-517-308-9124. The pass code to access the call is EMC. A replay of the call will be available approximately one hour following the call at 402-220-2193.

About VMware, Inc.

VMware, an EMC company (NYSE: EMC), is the global leader in virtual infrastructure software for industry-standard systems. The world’s largest companies use VMware solutions to simplify their IT, fully leverage their existing computing investments and respond faster to changing business demands. VMware is based in Palo Alto, California. For more information, visit www.VMware.com.

About EMC

EMC Corporation (NYSE: EMC) is the world’s leading developer and provider of information infrastructure technology and solutions that enable organizations of all sizes to transform the way they compete and create value from their information. Information about EMC’s products and services can be found at www.EMC.com.


EMC is a registered trademark of EMC and its subsidiaries. VMware is a registered trademark of VMware, Inc. All other trademarks used are the property of their respective owners.

A registration statement relating to the common shares to be sold in the VMware IPO is expected to be filed with the Securities and Exchange Commission, but has not been filed or become effective. The common shares may not be sold and offers may not be accepted prior to the time the registration statement becomes effective. This release does not constitute an offer to sell or the solicitation of any offer to buy, and there shall not be any sale of the common shares in any state in which such offer, solicitation or sale would be unlawful prior the registration or qualification under the securities laws of any such state.

This release contains “forward-looking statements” as defined under the Federal Securities Laws including, but not limited to, statements regarding VMware’s intention to conduct an IPO of VMware’s stock. 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: adverse changes in general economic or market conditions, the inability to manage successfully and complete the IPO, including the ability to retain and attract key employees, the risk that the IPO of VMware may not occur in its expected timeframe or at all, and 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.

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