- published: 04 Mar 2016
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EMC Corporation (NYSE: EMC), a Financial Times Global 500, Fortune 500 and S&P 500 company, develops, delivers and supports information infrastructure and virtual infrastructure hardware, software, and services. EMC is headquartered in Hopkinton, Massachusetts, USA.
Former Intel executive Richard Egan and his college roommate, Roger Marino, founded EMC in 1979. The company’s name, EMC, stands for the initials of the founders, and an unknown third individual who has remained nameless. "EMC Corporation" is the company's full name. The company's logo also incorporates exponent 2, a reference to Albert Einstein's mass–energy equivalence theory.
EMC stock went public on April 06, 1986 at a price of $16.50 per share.
EMC, founded in 1979 by Richard Egan and Roger Marino (the E and M in EMC), introduced their first 64-kilobyte memory boards for the Prime Computer in 1981, and continued with the development of memory boards for other computer types. In the mid 1980s the company expanded beyond memory to other computer data storage types and networked storage platforms. The company started to ship its flagship product, the Symmetrix in 1990.
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