09 June 2004 02:48
EMC Corp. thinks Russia ripe for investment
MOSCOW. June 9 (Interfax) - EMC Corp. of the United States, the largest supplier of date storage systems, considers
Russia among the priority markets for investment, the company's vice president, Andrei Shishov, said at a Wednesday
press conference.
Russia's date storage system market could grow 60%-100% in 2004, he said, according to an EMC forecast. Sales
increased 60% year-on-year in value terms in the first quarter of 2004. World sales revenues increased 35% in the first
quarter to $1.87 billion. The company posted a net profit of $140 million.
The corporation's business plan for 2004 envisages doubling Moscow office staff and investment in marketing
along with allocating extra budget funds for training in domestic and foreign trading, EMC CIS/ Baltics General Manager
Luc Brunet said earlier.
Russia's date storage system market was some $100 million in 2003, and EMC Corp. increased its share in the
market to 25%. [RU ASIA EUROPE EEU EMRG US CORA LOA] rm
[Interfax] |
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