Dallas, Texas 11/19/2013 (Financialstrend) – In Monday’s trading session, EMC Corporation (NYSE:EMC) dropped by 0.33%. The shares opened at a price of $24.07, which touched the intraday high of $24.19 and headed to a close of $23.92. Around 18.51 million exchanged hands over the trading day and an average volume of 24.00 million shares were traded over a 30 day period. The 52-week low of EMC Corporation (NYSE:EMC) shares is $21.45 and its 52-week high is $27.34. The company has a market capitalization of $49.22 billion.
About the company
EMC Corporation (NYSE:EMC) was incorporated on 23rd August 1979. The company along with its subsidiaries are engaged in the development, delivery and supporting the Information Technology industry’s variety of information-infrastructure & virtual-infrastructure technologies, solutions & services. EMC Corporation (NYSE:EMC) manages its business via 2 broad categories: the first is EMC Information Infrastructure and the other is VMware Virtual Infrastructure. The company’s EMC Information Infrastructure segment provides a strong foundation for various organizations to store, manage & protect, analyze as well as secure the ever-increasing volumes of information, improve their business agility and also lower the cost of ownership.
It also helps then enhance all their competitive advantage within the traditional data centers, virtual-data centers as well as cloud-based IT infrastructures. The company’s EMC Information Infrastructure segment is made up of 3 business segments: first- Information Storage, second- Information Intelligence and third- RSA Information Security. In 2012 March 2012, EMC Corporation (NYSE:EMC) acquired Pivotal Labs. In 2012 May, it acquired XtremIO. The latter is a flash-storage architecture company that is located in Herzliya, in Israel. In 2012 May 2012, EMC Corporation (NYSE:EMC) acquired Syncplicity. In 2012 May 2012, it acquired Watch4net. In 2013 July, EMC Corporation (NYSE:EMC) Company’s RSA security-division bought Aveksa Inc.
EMC Corporation (NYSE:EMC)’s Information Infrastructure segment is responsible for providing a foundation for various organizations to manage, store, protect, analyze & secure ever-on the rise quantities of information, improve their business agility, lower the cost of ownership.