EMC profit sinks 23 pct on weak data-storage demand; CEO says tech spending reaching bottom

EMC profit sinks 23 pct on weak data-storage demand; CEO says tech spending reaching bottom

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EMC profit sinks, CEO sees tech spend turnaround
SAN FRANCISCO — EMC Corp.’s first-quarter profit dropped 23 percent on weakness in data-storage spending, which until recently had been fairly resilient to the recession and is forcing the company into more cost cuts. But CEO Joe Tucci predicted that slumping information technology spending “has reached or is [...]

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