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Data Storage Devices
EMC Corporation, which previously traded under the stock ticker symbol "EMC," was a leading global data storage company based in the United States. In 2016, Dell Technologies completed the acquisition of EMC, and EMC's stock is no longer publicly traded.
Before the acquisition, EMC was a well-established company with a strong track record of growth and financial performance. The company offered a wide range of data storage solutions, including storage hardware, software, and services, catering to various industries and customers worldwide.
Here is some general information about EMC's historical performance and growth prior to the acquisition:
1. Revenue: EMC's revenue grew consistently over the years, with annual revenues of $5.3 billion in 2001 increasing to $24.7 billion in 2015, representing a compound annual growth rate (CAGR) of approximately 10%.
2. Earnings: EMC's earnings per share (EPS) also grew over the years, from $0.26 in 2001 to $1.99 in 2015, representing a CAGR of around 16%.
3. Dividends: EMC began paying dividends in 2012 and consistently increased its dividend payout over the years.
4. Market Capitalization: At the time of the acquisition, EMC had a market capitalization of approximately $55 billion, making it one of the largest data storage companies in the world.
5. P/E Ratio: EMC's price-to-earnings (P/E) ratio varied over the years but generally traded at a premium to the industry average, reflecting the company's strong growth and financial performance.
It's important to note that while EMC is no longer a publicly traded company, Dell Technologies has continued to operate EMC as a subsidiary and maintain its data storage business. If you're interested in the current performance and prospects of Dell Technologies, you can find information on its stock ticker "DELL."