Sanford Bernstein

• Bernstein Research Call
  "Despite offering some significant speed and capacity improvements over the DMX-2, the DMX-3 still arguably trails Hitachi’s TagmaStore USP in terms of pure feeds and speeds; moreover it also lacks TagmaStore’s logical partitioning and virtualization capabilities." (26-Jul-2005)



• Bernstein Research Call
  This research report on the high-end RAID storage market positions Hitachi as #1 in high-end RAID marketshare for Q1CY03. (20-May-2003)



• Bernstein CFO and CIO Surveys
  "Uncertainty remains high and mood somber, though 2003 spending likely to show some modest growth." (12-Mar-2003)



• EMC: New Symmetrix Offering Solid, Though Product Positioning Uncertain
  According to the analysts at Sanford Bernstein, "It is unclear that EMC has leapfrogged HIT and several questions remain." (04-Feb-2003)



• EMC: Q402 Debrief; Operational Strength Noteworthy; Pricing and High-end Erosion Still Open Questions; Valuation Not Compelling
  Read why these analysts believe that EMC continues to lose market share to Hitachi Data Systems. (24-Jan-2003)



• EMC: Sym 6 Preview—Move to RAID Will Significantly Lower Cost Structure, but Could Accelerate Price Cuts; History Says New Products Help for 1 to 2 Quarters, though Several Questions Remain
  In spite of improvements to EMC's product line, these analysts believe there are too many unanswered questions to revise their rating upwards, especially given performance comparisons to the Hitachi Freedom Storage Lightning 9900 Series. (23-Jan-2003)
  



• IBM and EMC: The Results Are In! Assessing Market Share Winners and Losers in Unix Servers and Storage
  After reviewing our FY Q2:02 results, the analysts at Sanford Bernstein conclude that Hitachi Data Systems is the big winner, with an estimated 10% increased market share in high-end storage. (01-Nov-2002)



• EMC: Q302 Earnings Update
  "The EMC share losses this quarter suggest that EMC's product is still not competitive enough with Hitachi's..." (18-Oct-2002)



• EMC and Our 1H:02 Storage Update: High End Still Weak, but EMC Share Erosion Stabilizing
  This report highlights Hitachi, Ltd.'s rapid share gains and places Hitachi at 42% marketshare for high-end RAID—equal with EMC for the second half of this calendar year, and only 1% behind EMC for the entire year. (12-Sep-2002)



• EMC: Forces Suggest No Short-term Improvement in Hardware Pricing; Valuation Increasingly Attractive for Long-term Investors, but No Imminent Catalyst; Market-Perform
  This total cost of ownership analysis focuses on useable terabyte acquisitions and the cost effectiveness of Hitachi's RAID-5 implementation. (28-Jun-2002)