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Tuesday, October 19, 2010

Will IT Spending Boost EMC? (NYSE: EMC)

EMC Corporation (NYSE: EMC), and IT specialist that delivers a range of infrastructure products including virtual machines, reports its earnings on Oct 19 2010. Some view EMC as a cloud computing play, especially as it owns a large chunk of virtual machine expert, VMWare. It's products are services are used in data centres for cloud computing operating. Virtual machines are an excellent tool for hardware resources sharing.

EMC is expected to earn $0.30 per share when it reports, on revenue of $4.15 billion.

Rumors that Oracle would buy EMC have surfaced in recent weeks. The company may give clarity on the matter when it reports.

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