Tucci On The Hot Seat
EMC CEO Joe Tucci admitted during the company's recent earnings call that the storage market leader has done a bad job of explaining how its blockbuster $67 billion deal with Dell will impact VMware shareholders.
"I don't think we've done as good a job as we need to do in explaining the power of this combination and explaining why it's not only good for EMC shareholders and Dell, but also is going to be very good for the VMware shareholders," said Tucci, during the Hopkinton, Mass.-based company's third-quarter earnings call Wednesday.
The frank assessment was one of 10 major revelations from Tucci in a wide-ranging call with analysts that included new information surrounding VMware, Dell and Cisco Systems.
The call also marked Tucci's first public statements about the new EMC-VMware 50-50-owned joint cloud services business that includes Virtustream, which EMC acquired for $1.2 billion three months ago. Here are 10 things Tucci said the industry needs to know about EMC, VMware, Virtustream and Dell.