EMC (EMC) has developed an enviable position at the heart of the storage and virtualization markets. We are confident that the company is on track to remain at the forefront of data center innovation and navigate the unknown challenges the industry faces as enterprises migrate to private and public cloud data center solutions. As EMC's share price falls into the mid-$20s, investors are presented with an opportunity to own one of the highest-quality firms in information technology.
Investments Provide a Foundation for Growth
EMC is wielding its balance sheet to remain at the forefront of innovation. The company continues to invest in its product portfolio, averaging $1.9 billion in research and development spending and an additional $2.1 billion in acquisitions during the past three years. Few competitors have the financial firepower to match EMC's investment in the storage and virtualization markets.
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Michael Holt does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.