The EMC Strategy Forum in New York on Tuesday, CEO Joe Tucci on CEO succession plan for the company had no news. Or anything else actually reported. Apparently, investors and analysts expect more. (Something Anything ..) For Tuesday, share prices of EMC (NYSE: EMC) fell by 2.4 percent. And even today, by 3.5 percent, to $ 26, finally control at least partially in response to Tuesday meeting.
With big questions looming as a modest growth in EMC and pressure from shareholders to split the VMware CEO succession planning is particularly important interest.Tucci started as CEO of EMC in 2001 and has been in transition mode output for years. The ultimate goal of retirement was in February. A month earlier, but said it did not happen. Given timetable.
A schedule was a bit on Tuesday, told the Wall Street Journal after the given meeting. February was a milestone. The board has a process. I will not run around the board, Tucci was the answer. Among the analysts who are not satisfied, Daniel Ives of FBR Capital Markets. There is another cloud of black on EMC and increases uncertainty about the situation, Ives wrote in an e-mail to BostInno.
In an email to BostInno EMC spokesman told Tucci’s comments during the quarterly earnings report in January in which Tucci said, everything is still within the guidelines that the company was previously set, and the junta in top of the transition. Basically, relax and let our thing.Clearly think some observers of EMC that this approach is ideal. By Ives: The street is a response as soon as possible with a view to the CEO seat / schedule.