HOPKINTON, Mass. - December 10, 2003 - EMC Corporation (NYSE:EMC) announced today that it expects to complete the acquisition of Documentum, Inc.
(NASDAQ:DCTM), on December 18, 2003, subject to the approval of Documentum shareholders at the Documentum shareholder meeting on that date, and the satisfaction of other customary closing conditions. Based upon the December
18 closing of this transaction, EMC expects approximately $30 to $35 million in revenue from Documentum's fourth quarter will be included in EMC's consolidated financial statements for the fourth quarter of 2003.
Based upon the consolidation of Documentum's results from the closing date and current market conditions, EMC now expects fourth-quarter total revenues to be in the range between $1.8 billion and $1.825 billion.
About EMC
EMC Corporation (NYSE: EMC) is the world leader in products, services and solutions for information storage and management that help organizations extract the maximum value from their information, at the lowest total cost, across every point in the information lifecycle. Information about EMC's products and services can be found at www.EMC.com.