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DETROIT, April 25 /PRNewswire-FirstCall/ — Compuware Corporation today announced that two of the company’s thought leaders, Linh C. Ho and Bryce Dunn, contributed three chapters to itSMF’s new book entitled, “IT Service Management, Global Best Practices.” The book, released this week at the IT Management Conference 2008: Beyond ITIL, Beyond Control, provides a sweeping overview of current IT service management (ITSM) best practices and serves as a vehicle for the introduction of new developments in the field. The book’s refreshing approach details the expert experience of those who have struggled with many of today’s ITSM challenges.
“Compuware is pleased to take part in this exciting new book on ITSM best practices,” said Steve Tack, Vice President of ITSM, Compuware. “The participation of Linh and Bryce demonstrates Compuware’s leadership and practical experience in the field through the works of two of our top contributors. We are proud to share our field knowledge with our customers and the IT community at large.”
The Compuware leaders were chosen to author three chapters of the 40 chapter book through a rigorous selection process that involved 28 independent editorial members reviewing more than 100 submissions. The Compuware chapters cover: selecting business relevant metrics, bringing wisdom to ITSM with the service knowledge management system, and the power of Six Sigma for ITIL continual service improvement.
“Technology vendors play a key part of the ITIL community, bringing a wealth of experience from around the world,” said Jan van Bon, the book’s chief editor. “Bryce and Linh were able to provide in-depth knowledge and expertise in Six Sigma, ITIL and hands on service management experience.”
The book will be available on amazon.com, vanharen.net, and in 33 countries around the world through itSMF. Purchasers ordering from vanharen.net can enjoy a 15 percent promotional discount by including the promotional code: “CPWRvantage” at .
Linh C. Ho, Senior Product Marketing Manager for Compuware’s ITSM solution, has 10 years of experience in the IT industry. She has written numerous articles and presented at conferences on ITIL, Six Sigma and business Service Management. She is a co-author of itSMF’s Six Sigma for IT Management book and was also on the review team for several itSMF books including ITIL v3 Foundation. She holds an Honors Baccalaureate in Commerce, International business Management and Management Information Systems from the University of Ottawa, Canada. Linh is ITIL v3 Foundation Certified, a Six Sigma Champion and Pragmatic Marketing Certified.
Bryce Dunn, Senior Product Manager for Compuware’s business service management and service level management solutions, has spent more than 10 years working in IT service management with experience in sales and marketing, field implementation and product management. Bryce is a prolific writer and has published articles and white papers on IT service management industry trends and best practices. In his current role, Bryce brings his market and customer-driven approach to ensure that current and future customers have the best solutions for their changing business needs.
Compuware Corporation
Compuware Corporation maximizes the value IT brings to the business by helping CIOs more effectively manage the business of IT. Compuware solutions accelerate the development, improve the quality and enhance the performance of critical business systems while enabling CIOs to align and govern the entire IT portfolio, increasing efficiency, cost control and employee productivity throughout the IT organization. Founded in 1973, Compuware serves the world’s leading IT organizations, including more than 90 percent of the Fortune 100 companies. Learn more about Compuware at .
Press Contact
Sean M. Patrick, Communication Analyst, Compuware Communications and
Investor Relations, 313-227-5594,

For Sales and Marketing Information
Compuware Corporation, One Campus Martius, Detroit, MI 48226,
800-521-9353,
Compuware Corporation

HAUPPAUGE, N.Y., July 21 /PRNewswire/ — Custom Computer Specialists Inc. (Custom) announced today that it has acquired UNICOM Technology Group, Inc. (UNICOM), a Woonsocket, Rhode Island-based expert consulting organization that provides technology solutions to corporate, education, government, and healthcare clients throughout New England.
The acquisition will enable both organizations to broaden their service offerings, increase market and technology specific investments, adopt respective best practices, and expand geographic coverage.
Highlights include:
– Creation of a Northeast regional services firm dedicated to helping clients align their technology environment with their business objectives
– Focused solutions for K-12 institutions including market leading E-Rate expertise and the provision of Infinite Campus(TM) Student Data Management System licensing, implementation, and support services
– Healthcare market expertise to support provider, plan management, and life science organizations
– Enhanced disaster recovery, business continuity, and regulatory compliance solutions
– A full portfolio of IT service offerings including application development, infrastructure, and support services
– The ability to handle large scale deployment and support projects across the Northeast
– A seasoned team of over 200 highly trained engineers, technicians, and developers holding multiple advanced certifications
“We are extremely pleased to welcome UNICOM into our family,” said John McSweeney, Custom’s President. “Together, our organizations will be able to offer a far greater depth of resources and an expanded set of capabilities. Our similarities in corporate culture, solution approach, and business philosophy will enable us to maintain our creativity, flexibility, and client-centric personal service. We are expecting immediate and demonstrable benefits for our clients, partners, and personnel. This is going to be fun!”
In New England, the organization will continue to operate as UNICOM. All client teams remain in place and will be supported with the know-how, best practices, and expanded capabilities of the combined firm. On August 1, 2008 UNICOM will relocate offices to Blackstone Valley Place in Lincoln, RI and re-affirm its long standing commitment to Rhode Island. The combined firm expects to grow throughout New England and the Northeast, creating high wage, “knowledge work” positions.
Michael Davis, President and CEO, UNICOM added, “We have known and collaborated with Custom for over 20 years. Our combined strengths allow us to create enormous value on behalf of our clients and deeply support their technology investments. We are ready to grow and I am very excited to be part of such a great team!” Mr. Davis will join Custom as Executive Vice President, responsible for New England operations.
The acquisition closed on July 14th, 2008. All UNICOM team members will join Custom to create a combined organization with 295 employees.
About Custom Computer Specialists, Inc.
Headquartered in Hauppauge, NY, Custom Computer Specialists, Inc. has provided technology solutions since 1979. For almost thirty years, Custom has delivered expected results for clients in the public sector, healthcare, higher education, and corporate markets. Specializing in large-scale technology projects and comprehensive support solutions, Custom creates client specific solutions from a wide array of information technology products and services. Custom has been the recipient of a host of recent industry awards and recognition, and was included in the Top 200 Private New York Metro Companies list (Crain’s New York Business); named #1 Technical Consultant (Long Island business News); listed among the Top 100 Government VARs for the past 3 years; and is consistently listed amongst the nation’s top 500 integrators as reported by the VAR business 500.
About UNICOM Technology Group, Inc.
UNICOM combines expert analysis with practical experience to help clients make better technology decisions. UNICOM specializes in designing, implementing, and supporting technology solutions for the corporate, education, government, and healthcare markets and is a valued service provider to clients throughout New England.
Custom Computer Specialists Inc.

HOPKINTON, Mass., April 23 /PRNewswire-FirstCall/ — EMC Corporation , the world leader in information infrastructure solutions, today announced all-time record first-quarter revenue and its 19th consecutive quarter of double-digit year-over-year revenue growth. EMC’s total consolidated revenue for the first quarter of 2008 was $3.47 billion, an increase of 17% over the $2.98 billion reported for the first quarter of 2007.
First-quarter GAAP net income was $268.8 million, or $0.13 per diluted share, which included a $79.2 million non-cash charge for in-process research and development (IPR&D) resulting from acquisitions completed during the quarter. Excluding this charge, net income was $348.0 million or $0.16 per diluted share. Non-GAAP first-quarter net income, which excludes the IPR&D charge and other items(1), was $477.3 million or $0.23 per diluted share, 28% higher than the non-GAAP earnings per diluted share of $0.18 for the year-ago period.
During the quarter, EMC generated operating cash flow of $918.3 million, an increase of 14% compared with the same period a year ago, and free cash flow of $717.5 million, an increase of 22% year-over-year.
Joe Tucci, EMC Chairman, President and Chief Executive Officer, said, “EMC is off to a solid start to the year, and we remain on track to achieve the 2008 financial targets we set for the business at the beginning of the year. We entered the year with the strongest and most diversified product, solutions and services portfolio in our history. From the consumer to the small- and medium-sized business and up through the enterprise, we are delivering to the market high-quality, innovative IT solutions faster than ever before. These offerings remain squarely aligned with top CIO spending priorities and are optimized to help businesses manage their information and drive IT efficiency throughout their organizations.”
“Looking ahead, EMC’s growth opportunities are many as we continue to aggressively strengthen our core business, grow into new and adjacent markets and expand our presence around the globe,” Tucci added. “The power of our technology portfolio positions us well to extend our leadership and continue gaining share.”
Compared with the first quarter of 2007, EMC systems revenue increased 10% and represented 41% of total first-quarter revenue. Software license and maintenance revenue increased 18% and accounted for 41% of total revenue. Other services revenue grew 30% and represented 18% of total revenue.
From a geographic perspective, revenue from North America increased 14% compared with the same period a year ago and represented 57% of total first- quarter revenue. Revenue from operations outside of North America grew 21% year-over-year, driven by double-digit revenue growth in each of EMC’s Europe, Middle East and Africa (EMEA), Asia-Pacific and Japan (APJ) and Latin America regions.
David Goulden, EMC Executive Vice President and Chief Financial Officer, said, “EMC demonstrated strong revenue growth and operating performance. Our focus on investing in and delivering the right solutions to the right markets continues as the driving force behind our successful and diversified business model. This focus will serve EMC, our customers and shareholders well as we not only sustain but extend our market and technology leadership.”
In the first quarter, EMC continued to return value to shareholders by leveraging its strong cash position, spending approximately $557.2 million to repurchase approximately 36 million shares of EMC. This completed the company’s $2 billion share repurchase plan it embarked upon in January 2007. In addition, EMC recently increased its share repurchase authorization by 250 million shares.
First-Quarter Highlights
Revenue from EMC’s Information Storage business, which includes revenue from storage systems, storage software and related customer and professional services, reached $2.71 billion, an increase of 12% compared with the year-ago period. Growth in the Information Storage business was driven by strong demand for EMC’s storage products and professional services portfolio across all major geographies. EMC Symmetrix revenue increased 8%, EMC CLARiiON revenue increased 19% and EMC Celerra network-attached storage revenue increased more than 50%, each compared with the year-ago quarter. During the quarter, EMC continued to expand its storage portfolio with new products and capabilities that provide customers with ease-of-use, proven reliability and information storage innovation. For example, EMC became the first enterprise storage vendor to integrate flash-based solid state drives (SSDs) into its core product portfolio, enabling Symmetrix DMX-4 customers to achieve unprecedented performance and energy efficiency.
EMC’s Content Management and Archiving business increased first-quarter revenue 8% year-over-year to $185.2 million. Organizations around the world continued to choose EMC’s enterprise content management and archiving solutions to effectively manage their growing volumes of unstructured data, while improving business efficiencies, increasing productivity, and meeting compliance and risk mitigation requirements. Also during the first quarter, EMC’s Content Management and Archiving business captured several honors, including an ACE award from ECM Connection at the AIIM International Conference.
For the first quarter of 2008, revenue from RSA, The Security Division of EMC, grew 13% year-over-year, reaching $134.9 million. This growth was driven primarily by global demand for the division’s risk-based authentication solutions, anti-fraud services, and security information and event management solutions. Companies across industries and around the world continued to choose the powerful portfolio of RSA security products and services to address their critical requirements around data security, security information management and data loss prevention, and to drive business acceleration and innovation across their organizations.
VMware , which is majority-owned by EMC, had first-quarter revenues of $438.2 million, an increase of approximately 71% compared to the year-ago quarter. VMware is the global leader in virtualization solutions from the desktop to the datacenter. Customers of all sizes rely on VMware to reduce capital and operating expenses, ensure business continuity, strengthen security and be more energy efficient. With 2007 revenues of $1.32 billion, more than 100,000 customers, and nearly 14,000 partners, VMware is one of the fastest growing public software companies. Visit for more information about the virtualization software leader’s first-quarter financial results.
About EMC
EMC Corporation 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 .
(1) Other items excluded are stock-based compensation, intangible
amortization and a tax benefit recognized in the first quarter of
2007. See attached schedules for reconciliation of GAAP to non-GAAP.

EMC, Documentum, CLARiiON, Celerra and Symmetrix are registered trademarks of EMC Corporation. Symmetrix DMX is a trademark of EMC Corporation. VMware is a registered trademark of VMware, Inc. RSA is a registered trademark of RSA Security Inc. All other trademarks used are the property of their respective owners.
Forward-Looking Statements
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) our ability to protect our proprietary technology; (iv) risks associated with managing the growth of our business, including risks associated with acquisitions and investments and the challenges and costs of integration, restructuring and achieving anticipated synergies; (v) fluctuations in VMware, Inc.’s operating results and risks associated with trading of VMware stock; (vi) competitive factors, including but not limited to pricing pressures and new product introductions; (vii) the relative and varying rates of product price and component cost declines and the volume and mixture of product and services revenues; (viii) component and product quality and availability; (ix) the transition to new products, the uncertainty of customer acceptance of new product offerings and rapid technological and market change; (x) insufficient, excess or obsolete inventory; (xi) war or acts of terrorism; (xii) the ability to attract and retain highly qualified employees; (xiii) fluctuating currency exchange rates; and (xiv) 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.
Use of Non-GAAP Financial Measures
This release contains non-GAAP financial measures. These non-GAAP financial measures, which are used as measures of EMC’s performance or liquidity, should be considered in addition to, not as a substitute for, measures of EMC’s financial performance or liquidity prepared in accordance with GAAP. EMC’s non-GAAP financial 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.
Where specified in the accompanying schedules for various periods entitled “Reconciliation of GAAP to Non-GAAP,” certain items noted on each such specific schedule (including, where noted, amounts relating to tax benefits, in-process research and development charges, stock-based compensation expense and intangible amortization) are excluded from the non-GAAP financial measures.
EMC’s management uses the non-GAAP financial measures in the accompanying schedules to gain an understanding of EMC’s comparative operating performance (when comparing such results with previous periods or forecasts) and future prospects and excludes the above-listed items from its internal financial statements for purposes of its internal budgets and each reporting segment’s financial goals. These non-GAAP financial measures are used by EMC’s management in their financial and operating decision-making because management believes they reflect EMC’s ongoing business in a manner that allows meaningful period-to-period comparisons. EMC’s management believes that these non-GAAP financial measures provide useful information to investors and others (a) in understanding and evaluating EMC’s current operating performance and future prospects in the same manner as management does, if they so choose, and (b) in comparing in a consistent manner the Company’s current financial results with the Company’s past financial results.
This release also includes disclosures regarding free cash flow which is a non-GAAP financial measure. Free cash flow is defined as net cash provided by operating activities less additions to property, plant and equipment and capitalized software development costs. EMC uses free cash flow, among other measures, to evaluate the ability of its operations to generate cash that is available for purposes other than capital expenditures and capitalized software development costs. Management believes that information regarding free cash flow provides investors with an important perspective on the cash available to make strategic acquisitions and investments, repurchase shares, service debt and fund ongoing operations. As free cash flow is not a measure of liquidity calculated in accordance with GAAP, free cash flow should be considered in addition to, but not as a substitute for, the analysis provided in the statement of cash flows.
All of the foregoing non-GAAP financial measures have limitations. Specifically, the non-GAAP financial measures that exclude the items noted above do not include all items of income and expense that affect EMC’s operations. Further, these non-GAAP financial measures are not prepared in accordance with GAAP, may not be comparable to non-GAAP financial measures used by other companies and do not reflect any benefit that such items may confer on EMC. Management compensates for these 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
——————————
March 31, March 31,
2008 2007
——————————
Revenues:
Product sales $2,340,430 $2,112,426
Services 1,129,629 862,579
——————————
3,470,059 2,975,005

Cost and expenses:
Cost of product sales 1,074,583 1,038,478
Cost of services 486,081 366,587
Research and development 433,514 355,392
Selling, general and administrative 1,082,215 875,690
In-process research and development 79,204 -
Restructuring credits (357) (2,670)
——————————

Operating income 314,819 341,528

Investment income 77,140 52,139
Interest expense (18,042) (18,293)
Other (expense) income, net (4,763) 4,840
——————————

Income before taxes and minority
interest 369,154 380,214
Income tax provision 94,155 67,607
——————————

Income before minority interest 274,999 312,607
Minority interest, net of taxes (6,161) -
——————————

Net income $268,838 $312,607
==============================

Net income per weighted average
share, basic: $0.13 $0.15
==============================

Net income per weighted average
share, diluted: $0.13 $0.15
==============================

Weighted average shares, basic 2,075,152 2,080,039

Weighted average shares, diluted 2,110,805 2,121,826

Reconciliation of GAAP to Non-GAAP
For the Three Months Ended March 31, 2008
(in thousands, except per share amounts)
Unaudited

Research Selling,
Cost of and General and
Revenue Revenue Development Administrative
———– ———- ———– ————–

EMC Consolidated GAAP $3,470,059 $1,560,664 $433,514 $1,082,215

IPR&D - - - -
———– ———- ———– ————–

EMC Consolidated
Adjusted (1) 3,470,059 1,560,664 433,514 1,082,215

Stock-based
compensation expense - (18,312) (38,825) (61,950)

Intangible amortization - (38,198) (3,011) (24,791)
———– ———- ———– ————–

EMC Consolidated
Non-GAAP (2) $3,470,059 $1,504,154 $391,678 $995,474
=========== ========== =========== ==============

EMC Information
Infrastructure GAAP $3,031,889 $1,483,604 $315,428 $890,640

IPR&D - - - -
———– ———- ———– ————–

EMC Information
Infrastructure
Adjusted (3) 3,031,889 1,483,604 315,428 890,640

Stock-based
compensation
expense - (12,136) (17,912) (44,412)

Intangible
amortization - (35,888) (3,011) (23,250)
———– ———- ———– ————–

EMC Information
Infrastructure
Non-GAAP (4) $3,031,889 $1,435,580 $294,505 $822,978
=========== ========== =========== ==============

VMware standalone
GAAP $438,175 $77,170 $119,255 $193,359

GAAP adjustments and
eliminations (5) (110) (1,169) (1,784)
———– ———- ———– ————–

VMware within EMC 438,170 77,060 118,086 191,575

Stock-based
compensation
expense - (6,176) (20,913) (17,538)

Intangible amortization - (2,310) - (1,541)
———– ———- ———– ————–

VMware within EMC
Non-GAAP (5) $438,170 $68,574 $97,173 $172,496
=========== ========== =========== ==============

Income
Before
Other Taxes and
Restructuring Operating Income, Minority
and IPR&D Income net Interest
———– ———- ———- ————

EMC Consolidated GAAP $78,847 $314,819 $54,335 $369,154

IPR&D (79,204) 79,204 - 79,204
———– ———- ———- ————

EMC Consolidated
Adjusted (1) (357) 394,023 54,335 448,358

Stock-based
compensation expense - 119,087 - 119,087

Intangible amortization - 66,000 - 66,000
———– ———- ———- ————

EMC Consolidated
Non-GAAP (2) $(357) $579,110 $54,335 $633,445
=========== ========== ========== ============

EMC Information
Infrastructure GAAP $78,847 $263,370 $51,696 $315,066

IPR&D (79,204) 79,204 - 79,204
———– ———- ———- ————

EMC Information
Infrastructure
Adjusted (3) (357) 342,574 51,696 394,270

Stock-based
compensation
expense - 74,460 - 74,460

Intangible amortization - 62,149 - 62,149
———– ———- ———- ————

EMC Information
Infrastructure
Non-GAAP (4) $(357) $479,183 $51,696 $530,879
=========== ========== ========== ============

VMware standalone
GAAP $- $48,391 $2,639 $51,030

GAAP adjustments and
eliminations - 3,058 - 3,058
———– ———- ———- ————

VMware within EMC - 51,449 2,639 54,088

Stock-based
compensation
expense - 44,627 - 44,627

Intangible amortization - 3,851 - 3,851
———– ———- ———- ————

VMware within EMC
Non-GAAP (5) $- $99,927 $2,639 $102,566
=========== ========== ========== ============

Income
Before
Income Tax Minority Minority
Provision Interest Interest Net Income
———– ———- ———- ————

EMC Consolidated GAAP $94,155 $274,999 $(6,161) $268,838

IPR&D - 79,204 - 79,204
———– ———- ———- ————

EMC Consolidated
Adjusted (1) 94,155 354,203 (6,161) 348,042

Stock-based
compensation expense 27,831 91,256 (5,095) 86,161

Intangible amortization 22,533 43,467 (349) 43,118
———– ———- ———- ————

EMC Consolidated
Non-GAAP (2) $144,519 $488,926 $(11,605) $477,321
=========== ========== ========== ============

EMC Information
Infrastructure GAAP $85,436 $229,630 $- $229,630

IPR&D - 79,204 - 79,204
———– ———- ———- ————

EMC Information
Infrastructure
Adjusted (3) 85,436 308,834 - 308,834

Stock-based
compensation
expense 18,834 55,626 - 55,626

Intangible amortization 21,122 41,027 - 41,027
———– ———- ———- ————

EMC Information
Infrastructure
Non-GAAP (4) $125,393 $405,486 $- $405,486
=========== ========== ========== ============

VMware standalone
GAAP $7,975 $43,055 $- $43,055

GAAP adjustments and
eliminations 744 2,314 (6,161) (3,847)
———– ———- ———- ————

VMware within EMC 8,719 45,369 (6,161) 39,208

Stock-based
compensation expense 8,997 35,630 (5,095) 30,535

Intangible amortization 1,411 2,440 (349) 2,091
———– ———- ———- ————

VMware within EMC
Non-GAAP (5) $19,126 $83,440 $(11,605) $71,834
=========== ========== ========== ============

Net Income per Net Income per
Weighted Average Weighted Average
Share, Basic Share, Diluted
———– ———–

EMC Consolidated GAAP $0.130 $0.127

IPR&D $0.038 $0.038
———– ———–

EMC Consolidated Adjusted (1) $0.168 $0.164

Stock-based compensation expense $0.042 $0.041

Intangible amortization $0.021 $0.020
———– ———–

EMC Consolidated Non-GAAP (2) $0.230 $0.225
=========== ===========

EMC Information Infrastructure GAAP $0.111 $0.109

IPR&D $0.038 $0.038
———– ———–

EMC Information Infrastructure
Adjusted (3) $0.149 $0.146

Stock-based compensation expense $0.027 $0.026

Intangible amortization $0.020 $0.019
———– ———–

EMC Information Infrastructure Non-
GAAP (4) $0.195 $0.192
=========== ===========

VMware standalone GAAP $0.021 $0.020

GAAP adjustments and eliminations $(0.002) $(0.003)
———– ———–

VMware within EMC $0.019 $0.018

Stock-based compensation expense $0.015 $0.014

Intangible amortization $0.001 $0.001
———– ———–

VMware within EMC Non-GAAP (5) $0.035 $0.033
=========== ===========

Wtd. Average Share O/S 2,075,152 2,110,805
=========== ===========

(1) Represents EMC Consolidated GAAP excluding IPR&D.
(2) Represents EMC Consolidated Adjusted excluding stock-based
compensation expense and intangible amortization.
(3) Represents EMC Information Infrastructure GAAP excluding IPR&D.
(4) Represents EMC Information Infrastructure Adjusted less stock-based
compensation expense and intangible amortization.
(5) Represents VMware within EMC excluding stock-based compensation
expense and intangible amortization.

Note: schedule may not add due to rounding

Reconciliation of GAAP to Non-GAAP
For the Three Months Ended March 31, 2007
(in thousands, except per share amounts)
Unaudited

Research Selling,
Cost of and General and
Revenue Revenue Development Administrative
———– ———- ———– ————–

EMC Consolidated GAAP $2,975,005 $1,405,065 $355,392 $875,690

Tax benefits - - - -
———– ———- ———– ————–

EMC Consolidated
Adjusted (1) 2,975,005 1,405,065 355,392 875,690

Stock-based
compensation
expense - (13,558) (23,442) (46,347)

Intangible amortization - (29,007) (2,113) (17,123)
———– ———- ———– ————–

EMC Consolidated
Non-GAAP (2) $2,975,005 $1,362,500 $329,837 $812,220
=========== ========== =========== ==============

EMC Information
Infrastructure GAAP $2,718,987 $1,362,538 $289,490 $761,257

Tax benefits - - - -
———– ———- ———– ————–

EMC Information
Infrastructure
Adjusted (3) 2,718,987 1,362,538 289,490 761,257

Stock-based
compensation
expense - (13,028) (17,050) (41,625)

Intangible amortization - (23,792) (2,113) (16,053)
———– ———- ———– ————–

EMC Information
Infrastructure
Non-GAAP (4) $2,718,987 $1,325,718 $270,327 $703,579
=========== ========== =========== ==============

VMware standalone GAAP $258,695 $44,024 $54,958 $113,331

GAAP adjustments and
eliminations (2,677) (1,497) 10,944 1,102
———– ———- ———– ————–

VMware within EMC 256,018 42,527 65,902 114,433

Stock-based compensation
expense - (530) (6,392) (4,722)

Intangible amortization - (5,215) - (1,070)
———– ———- ———– ————–

VMware within EMC
Non-GAAP (5) $256,018 $36,782 $59,510 $108,641
=========== ========== =========== ==============

Other Income
Restructuring Operating Income, Before
and IPR&D Income net Taxes
———– ———- ———- ————

EMC Consolidated GAAP $(2,670) $341,528 $38,686 $380,214

Tax benefits - - - -
———– ———- ———- ————

EMC Consolidated
Adjusted (1) (2,670) 341,528 38,686 380,214

Stock-based
compensation
expense - 83,347 - 83,347

Intangible amortization - 48,243 - 48,243
———– ———- ———- ————

EMC Consolidated
Non-GAAP (2) $(2,670) $473,118 $38,686 $511,804
=========== ========== ========== ============

EMC Information
Infrastructure GAAP $(2,670) $308,372 $35,360 $343,732

Tax benefits - - - -
———– ———- ———- ————

EMC Information
Infrastructure
Adjusted (3) (2,670) 308,372 35,360 343,732

Stock-based
compensation
expense - 71,703 - 71,703

Intangible amortization - 41,958 - 41,958
———– ———- ———- ————

EMC Information
Infrastructure
Non-GAAP (4) $(2,670) $422,033 $35,360 $457,393
=========== ========== ========== ============

VMware standalone GAAP $- $46,382 $3,036 $49,418

GAAP adjustments and
eliminations - (13,226) 290 (12,936)
———– ———- ———- ————

VMware within EMC - 33,156 3,326 36,482

Stock-based compensation
expense - 11,644 - 11,644

Intangible amortization - 6,285 - 6,285
———– ———- ———- ————

VMware within EMC
Non-GAAP (5) $- $51,085 $3,326 $54,411
=========== ========== ========== ============

Net Income Net Income
per per
Weighted Weighted
Average Average
Income Tax Share, Share,
Provision Net Income Basic Diluted
———– ———- ———- ————

EMC Consolidated GAAP $67,607 $312,607 $0.150 $0.147

Tax benefits 19,912 (19,912) $(0.010) $(0.009)
———– ———- ———- ————

EMC Consolidated
Adjusted (1) 87,519 292,695 $0.141 $0.138

Stock-based
compensation
expense 22,725 60,622 $0.029 $0.029

Intangible amortization 17,040 31,203 $0.015 $0.015
———– ———- ———- ————

EMC Consolidated
Non-GAAP (2) $127,284 $384,520 $0.185 $0.181
=========== ========== ========== ============

EMC Information
Infrastructure GAAP $62,240 $281,492 $0.135 $0.133

Tax benefits 19,912 (19,912) $(0.010) $(0.009)
———– ———- ———- ————

EMC Information
Infrastructure
Adjusted (3) 82,152 261,580 $0.126 $0.123

Stock-based compensation
expense 19,801 51,902 $0.025 $0.024

Intangible amortization 14,715 27,243 $0.013 $0.013
———– ———- ———- ————

EMC Information
Infrastructure
Non-GAAP (4) $116,667 $340,726 $0.164 $0.161
=========== ========== ========== ============

VMware standalone GAAP $8,338 $41,080 $0.020 $0.019

GAAP adjustments and
eliminations (2,971) (9,965) $(0.005) $(0.005)
———– ———- ———- ————

VMware within EMC 5,367 31,115 $0.015 $0.015

Stock-based compensation
expense 2,924 8,720 $0.004 $0.004

Intangible amortization 2,325 3,960 $0.002 $0.002
———– ———- ———- ————

VMware within EMC
Non-GAAP (5) $10,617 $43,794 $0.021 $0.021
=========== ========== ========== ============

Wtd. Average Share O/S 2,080,039 2,121,826
========== ============

(1) Represents EMC Consolidated GAAP excluding special tax benefits.
(2) Represents EMC Consolidated Adjusted excluding stock-based
compensation expense and intangible amortization.
(3) Represents EMC Information Infrastructure GAAP excluding special tax
benefits.
(4) Represents EMC Information Infrastructure Adjusted excluding stock-
based compensation expense and intangible amortization.
(5) Represents VMware within EMC excluding stock-based compensation
expense and intangible amortization.

Note: schedule may not add due to rounding

EMC CORPORATION
Consolidated Balance Sheets
(in thousands, except per share amounts)
Unaudited

March 31, December 31,
2008 2007
———— ————
ASSETS
Current assets:
Cash and cash equivalents $4,978,446 $4,482,211
Short-term investments 635,056 1,644,703
Accounts and notes receivable,
less allowance for doubtful
accounts of $33,732 and $34,389 1,897,712 2,307,512
Inventories 953,085 877,243
Deferred income taxes 515,122 475,544
Other current assets 330,673 265,889
———— ————
Total current assets 9,310,094 10,053,102
Long-term investments 2,246,942 1,845,572
Property, plant and equipment, net 2,141,922 2,159,396
Intangible assets, net 939,204 940,077
Other assets, net 803,190 755,001
Goodwill, net 6,774,690 6,531,506
———— ————
Total assets $22,216,042 $22,284,654
============ ============

LIABILITIES & STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable $881,481 $840,886
Accrued expenses 1,540,050 1,696,309
Income taxes payable 82,110 146,104
Deferred revenue 1,818,956 1,724,909
———— ————
Total current liabilities 4,322,597 4,408,208
Income taxes payable 259,117 246,951
Deferred revenue 1,153,674 1,053,394
Deferred income taxes 286,843 288,175
Long-term convertible debt 3,450,000 3,450,000
Other liabilities 159,446 127,621
———— ————
Total Liabilities 9,631,677 9,574,349

Minority interest 209,959 188,988

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 2,067,237 and
2,102,187 shares 20,672 21,022
Additional paid-in capital 2,617,571 3,038,455
Retained earnings 9,739,127 9,470,289
Accumulated other comprehensive loss (2,964) (8,449)
———— ————
Total stockholders’ equity 12,374,406 12,521,317
———— ————
Total liabilities and
stockholders’ equity $22,216,042 $22,284,654
============ ============

EMC CORPORATION
Consolidated Statements of Cash Flows
(in thousands)
Unaudited

Three Months Ended
——————
March 31, 2008 March 31, 2007
————– ————–

Cash flows from operating activities:
Cash received from customers $4,066,805 $3,298,580
Cash paid to suppliers and employees (3,027,739) (2,471,509)
Dividends and interest received 77,958 57,824
Interest paid (2,865) (3,201)
Income taxes paid (195,867) (73,011)
———– ———–
Net cash provided by operating
activities 918,292 808,683
———– ———–

Cash flows from investing activities:
Additions to property, plant and
equipment (146,512) (170,526)
Capitalized software development costs (54,321) (51,920)
Purchases of short and long-term
available for sale securities (608,819) (1,891,806)
Sales and maturities of short and
long-term available for sale
securities 1,196,985 2,192,202
Acquisitions, net of cash acquired (337,809) (3,261)
Other (3,030) (860)
———– ———–
Net cash provided by investing
activities 46,494 73,829
———– ———–

Cash flows from financing activities:
Issuance of common stock from the
exercise of stock options 27,397 103,312
Issuance of VMware’s common stock
from the exercise of stock options 23,669 -
Repurchase of EMC common stock (557,244) (488,662)
Excess tax benefits from stock
based compensation 28,511 12,812
Payment of short and long-term
obligations (3,782) (620)
Proceeds from short and long-term
obligations 1,114 2,229
———– ———–
Net cash used in financing
activities (480,335) (370,929)
———– ———–
Effect of exchange rate changes on cash 11,784 7,685
———– ———–
Net increase in cash and cash
equivalents 496,235 519,268
Cash and cash equivalents at
beginning of period 4,482,211 1,828,106
———– ———–
Cash and cash equivalents at end of
period $4,978,446 $2,347,374
=========== ===========

Reconciliation of net income to net
cash provided by operating activities:
Net income $268,838 $312,607
Adjustments to reconcile net income
to net cash provided by operating
activities:
Minority interest in subsidiary 6,161 -
Depreciation and amortization 254,619 212,848
Non-cash restructuring and other
special charges 80,970 -
Stock-based compensation expense 119,087 83,347
Increase/(decrease) in provision
for doubtful accounts 3,975 (787)
Deferred income taxes, net (26,656) (457)
Excess tax benefits from stock
based compensation (28,511) (12,812)
Other (4,887) 1,980
Changes in assets and liabilities,
net of acquisitions:
Accounts and notes receivable 416,788 142,873
Inventories (28,174) 18,302
Other assets (78,881) (11,068)
Accounts payable 27,501 45,685
Accrued expenses (253,761) (150,962)
Income taxes payable (46,545) (4,952)
Deferred revenue 175,983 181,489
Other liabilities 31,785 (9,410)
———– ———–

Net cash provided by operating
activities $918,292 $808,683
=========== ===========

EMC CORPORATION
Reconciliation of Cash Flow from Operations to Free Cash Flow
(in thousands)
Unaudited

Q1 2008 Q1 2007
——— ———

EMC Consolidated:

Cash flows from Operations $918,292 $808,683

Capital Expenditures (146,512) (170,526)

Capitalized Software (54,321) (51,920)
——— ———

Free Cash Flow $717,459 $586,237

VMware within EMC:

Cash flows from Operations $106,058 $136,418

Capital Expenditures (41,019) (47,817)

Capitalized Software (4,164) (6,959)
——— ———

Free Cash Flow $60,875 $81,642

EMC Information Infrastructure:

Cash flows from Operations $812,234 $672,265

Capital Expenditures (105,493) (122,709)

Capitalized Software (50,157) (44,961)
——— ———

Free Cash Flow $656,584 $504,595

Cash flows from operations, capital expenditures and free cash flow for VMware within EMC and EMC Information Infrastructure have been adjusted to exclude the impact of purchases of equipment by VMware from EMC which have been recorded as capital expenditures by VMware on a stand-alone basis but are eliminated in consolidation. Additionally, cash flow from operations, capital expenditures and free cash flow for VMware within EMC and EMC Information Infrastructure have been adjusted for VMware’s capital expenditures for its headquarters facilities which were reimbursed by EMC during Q1 2007. Also, cash flows from operations and free cash flow for VMware within EMC have been adjusted for shares repurchased for tax withholdings on the vesting of restricted stock which have been recorded by VMware on a stand-alone basis as a financing activity but as an operating activity in consolidation. Had these items not been adjusted, cash flows from operations, capital expenditures and free cash flow for VMware within EMC would have been $133,180, $49,022 and $79,994, for Q1 2008 and $104,902, $16,584 and $81,646 for Q1 2007.
EMC Corporation
Supplemental Revenue Analysis
(in thousands)
Unaudited

Revenue Components

Q1 2007 Q2 2007 Q3 2007 Q4 2007
———————————————-

Consolidated Revenues
Systems $1,305,766 $1,354,438 $1,411,367 $1,688,565

Software:
Software License 806,660 867,917 921,517 1,055,746
Software Maintenance 382,080 400,233 426,198 472,264
———————————————-
Total Software License
& Maintenance 1,188,740 1,268,150 1,347,715 1,528,010

Other Services 480,499 502,084 540,672 614,199
———————————————-

Total Consolidated
Revenues $2,975,005 $3,124,672 $3,299,754 $3,830,774
==============================================

Percentage impact to
EMC revenue growth
rate due to changes
in exchange rates
from the prior year 2.1% 2.1% 1.8% 3.2%

YTD 2007 Q1 2008
———- ———-

Consolidated Revenues
Systems $5,760,136 $1,440,123

Software:
Software License 3,651,840 900,307
Software Maintenance 1,680,775 506,218
———- ———-
Total Software License &
Maintenance 5,332,615 1,406,525

Other Services 2,137,454 623,411
———- ———-

Total Consolidated Revenues $13,230,205 $3,470,059
========== ==========

Percentage impact to
EMC revenue growth
rate due to changes
in exchange rates
from the prior year 2.3% 2.3%

EMC Corporation
Supplemental Revenue Analysis
(in thousands)
Unaudited

Supplemental Revenue Data

Q1 2007 Q2 2007 Q3 2007 Q4 2007
———————————————-

Storage Systems Revenue $1,302,740 $1,347,357 $1,405,139 $1,682,395
Storage Software:
Storage Software
License 486,558 512,521 515,056 561,622
Storage Software
Maintenance 234,796 242,940 252,642 271,848
———————————————-
Total Storage Software
License & Maintenance 721,354 755,461 767,698 833,470

Storage Other Services 402,834 425,200 450,450 516,782
———————————————-

Total Storage Revenue $2,426,928 $2,528,018 $2,623,287 $3,032,647
==============================================

Content Management and
Archiving Systems
Revenue $68 $1,708 $1,485 $2,157
Content Management and
Archiving Software:
Content Management
and Archiving
Software License 68,472 69,046 79,247 115,305
Content Management
and Archiving
Software Maintenance 60,339 60,416 61,595 70,590
———————————————-
Total Content Management
and Archiving Software
License & Maintenance 128,811 129,462 140,842 185,895

Content Management and
Archiving Other
Services 43,319 42,432 46,985 50,074
———————————————-

Total Content Management
and Archiving Revenue $172,198 $173,602 $189,312 $238,126
==============================================

Security Systems Revenue $2,958 $5,373 $4,743 $4,013
Security Software:
Security Software
License 81,934 81,300 82,979 94,604
Security Software
Maintenance 21,627 23,392 25,126 27,752
———————————————-
Total Security Software
License & Maintenance 103,561 104,692 108,105 122,356

Security Other Services 13,342 14,890 20,016 21,226
———————————————-

Total Security Revenue $119,861 $124,955 $132,864 $147,595
==============================================

EMC Information
Infrastructure Systems
Revenue $1,305,766 $1,354,438 $1,411,367 $1,688,565
EMC Information
Infrastructure
Software:
EMC Information
Infrastructure
Software License 636,964 662,867 677,282 771,531
EMC Information
Infrastructure
Software Maintenance 316,762 326,748 339,363 370,190
———————————————-
Total EMC Information
Infrastructure Software
License & Maintenance 953,726 989,615 1,016,645 1,141,721

EMC Information
Infrastructure Other
Services 459,495 482,522 517,451 588,082
———————————————-

Total EMC Information
Infrastructure Revenue $2,718,987 $2,826,575 $2,945,463 $3,418,368
==============================================

VMware Software:
VMware Software
License $169,696 $205,050 $244,235 $284,215
VMware Software
Maintenance 65,318 73,485 86,835 102,074
———————————————-
Total VMware Software
License & Maintenance 235,014 278,535 331,070 386,289

VMware Other Services 21,004 19,562 23,221 26,117
———————————————-

Total VMware Revenue $256,018 $298,097 $354,291 $412,406
==============================================

YTD 2007 Q1 2008
———- ———-

Storage Systems Revenue $5,737,631 $1,433,190
Storage Software:
Storage Software License 2,075,757 470,449
Storage Software Maintenance 1,002,226 291,556
———- ———-
Total Storage Software License &
Maintenance 3,077,983 762,005

Storage Other Services 1,795,266 516,634
———- ———-

Total Storage Revenue $10,610,880 $2,711,829
========== ==========

Content Management and Archiving
Systems Revenue $5,418 $2,521
Content Management and Archiving
Software:
Content Management and
Archiving Software License 332,070 58,607
Content Management and
Archiving Software Maintenance 252,940 73,758
———- ———-
Total Content Management and
Archiving Software License &
Maintenance 585,010 132,365

Content Management and Archiving
Other Services 182,810 50,317
———- ———-

Total Content Management and
Archiving Revenue $773,238 $185,203
========== ==========

Security Systems Revenue $17,087 $4,412
Security Software:
Security Software License 340,817 77,271
Security Software Maintenance 97,897 28,785
———- ———-
Total Security Software License &
Maintenance 438,714 106,056

Security Other Services 69,474 24,389
———- ———-

Total Security Revenue $525,275 $134,857
========== ==========

EMC Information Infrastructure
Systems Revenue $5,760,136 $1,440,123
EMC Information Infrastructure
Software:
EMC Information Infrastructure
Software License 2,748,644 606,327
EMC Information Infrastructure
Software Maintenance 1,353,063 394,099
———- ———-
Total EMC Information Infrastructure
Software License & Maintenance 4,101,707 1,000,426

EMC Information Infrastructure
Other Services 2,047,550 591,340
———- ———-

Total EMC Information Infrastructure
Revenue $11,909,393 $3,031,889
========== ==========

VMware Software:
VMware Software License $903,196 $293,980
VMware Software Maintenance 327,712 112,119
———- ———-
Total VMware Software License &
Maintenance 1,230,908 406,099

VMware Other Services 89,904 32,071
———- ———-

Total VMware Revenue $1,320,812 $438,170
========== ==========

EMC Corporation

MELVILLE, N.Y., April 22 /PRNewswire/ — CIOZone(TM) (), the Network for IT Leadership serving CIOs and IT professionals, today announced the launch of the Green Pledge program.
CIOZone has teamed up with the Society for Information Management’s New York Metro chapter in their commitment to environmental causes. Atti Riazi, CIO, Ogilvy & Mather and SIMNY member, posed this challenge on CIOZone:
“An average American emits about 16 metric tons of CO2 per year…. To sustain living on the Earth we need to drop to 2 metric tons. Can we make a commitment both on a personal and business level to make this happen?”
CIOZone and SIMNY are promoting Green IT and lending support to CIOs committed making a pledge to reduce waste and increase energy efficiency over the next 12 months in the areas of:
Reduction in data center power consumption.

Reduction in corporate computing environment energy consumption.

Reduction in corporate energy usage.

Reduction in e-waste.

Initiation/promotion of computing recycling program.

CIOs can go to to make their pledge through May 15, 2008.
On Earth Day 2009, CIOZone will ask those who made a pledge to report their progress. CIOZone will identify the teams that reached or exceeded their goals and profile those who produced the most dramatic results, recognizing outstanding CIOs/IT departments with the Green Pledge award.
About CIOZone(TM)
CIOZone(TM) () is the original ProSocial(TM) Network for IT Leadership. It is an online, interactive meeting place for high-level chief information officers and IT professionals in which open discussions can freely take place and members are encouraged to share experiential learning with their peers. CIOZone melds expert content, industry information, research and analysis together with user-generated content inside a community, brought and held together through the stewardship of trusted content providers. CIOZone is a Professional Social Networks, Inc.(TM) company. ().
About Professional Social Networks, Inc.(TM)
Professional Social Networks is the first international provider of interactive business networks. Professional Social Networks provides an “ALWAYS ON” connection that functions as the universal rallying point for today’s high-powered business and industry leaders. Professional Social Networks is an innovative business to business media platform that links buyers with sellers inside professional environments.
Professional Social Networks Inc., CIOZone, the CIOZone logo and ProSocial are registered trademarks of Professional Social Networks, Inc.
CIOZone(TM)

MISSISSAUGA, ON and FT. LAUDERDALE, FL, April 28 /PRNewswire-FirstCall/ — Hostopia.com, Inc. (TSX: H), announced today its signing of a definitive agreement to purchase the customer assets of New Jersey-based hosting services provider, Luxmovera, LLC, operating as uplinkearth. Uplinkearth accepted the all-cash offer on Friday, April 25th. The companies plan to migrate all users of record from uplinkearth’s data center facility to Hostopia’s unified web services platform by June 30, 2008.
Colin Campbell, Hostopia’s CEO, comments, “We are very pleased to have concluded this agreement with uplinkearth. They have approximately 12,500 small business subscribers, which we feel are very compatible with the Hostopia web services platform. Our strategy will be to migrate all users and present them with many upgraded features and services. Over time, we will expect additional value-added services to be a logical upgrade path for many of these small businesses.” Campbell continued, “Hostopia’s main focus is private-labeled, wholesale outsourced web services that we sell to Telco’s and broadband providers. Acquisitions such as uplinkearth complement our organic growth plan by adding end-users to our unified platform and giving us revenue-per-user opportunities through the many additional value-added services we offer, such as fax-to-email and collaborative email with wireless mobility synchronization.”
Uplinkearth co-founder and President, Michael Yablonowitz, said, “My partners and I have built a very successful hosting services business over the years. We are experiencing increased demand for new services from our customers which can drive opportunity for our business to grow. We decided the market timing was ideal to transfer our user base over to a highly capable provider in the hosting and SaaS arena - one who can deliver the high-demand services our users need. Hostopia’s proven credentials and track record in migrating large numbers of hosted business customers made them the ideal choice as our chosen buyer. We think our users will eagerly respond to the many new upgrades and value-added services Hostopia plans to offer them.” The companies indicated that all users shall continue to be served under the familiar brand of uplinkearth, which will operate as a managed service by Hostopia.
About Hostopia
Hostopia is a leading provider of web services that enable small- and medium-sized businesses to establish and maintain an Internet presence. The company’s customers are communication services providers, including telecommunication carriers, cable companies, Internet service providers, domain registrars, and web hosting service providers. Hostopia’s customers purchase their web services on a wholesale basis and resell these services under their own brands to small- and medium-sized businesses. The company provides customers with the technology, infrastructure, and support services to enable them to offer web services, while saving them research and development as well as capital and operating costs typically associated with the design, development, and delivery of web services. Nexthaus, Hostopia’s wireless mobility technology unit, is a global leader in data and device synchronization and has developed industry-recognized SyncML solutions that feature wireless interoperability between PC’s, handheld devices and mobile phones. For more information, visit and .
Forward-Looking Information
This press release includes certain “forward-looking statements” and forward-looking information that are subject to risks, uncertainties and other factors that could cause actual results or outcomes to differ materially from those contemplated by the forward-looking statements. These forward-looking statements and forward-looking information include, but are not limited to, plans, objectives, expectations and intentions and other statements contained in this press release that are not historical facts and statements identified by words such as “expects,”"anticipates,”"intends,”"plans,”"believes,”"seeks,”"estimates” or words of similar meaning. Our actual results could differ materially from those anticipated in these forward-looking statements and forward-looking information upon completion of the review of our year end results by our independent registered public accounting firm. These statements are based on our current beliefs or expectations and there are a number of important factors that could cause the actual results or outcomes to differ materially from those indicated by these forward-looking statements, including without limitation, our ability to maintain our sales efficiency, our ability to maintain our existing, and develop new, strategic relationships, the number of our net subscriber additions, our monthly customer turnover and our ability to successfully integrate recently acquired businesses and operations and those risks set forth or referenced under the caption “Risk Factors” in Hostopia’s Annual Report on Form 10-K for the year ended March 31, 2007, as filed with the Securities and Exchange Commission. These filings are available on a website maintained by the Securities and Exchange Commission at and on our corporate website under Investor Relations.
Hostopia.com Inc.