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E20-661 - Networked Storage-NAS Installation and Troubleshooting - BrainDump Information

Vendor Name : EMC
Exam Code : E20-661
Exam Name : Networked Storage-NAS Installation and Troubleshooting
Questions and Answers : 140 Q & A
Updated On : October 18, 2018
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E20-661 Certification Brain Dumps Source : Networked Storage-NAS Installation and Troubleshooting

Test Code : E20-661
Test Name : Networked Storage-NAS Installation and Troubleshooting
Vendor Name : EMC
Q&A : 140 Brain Dump Questions

EMC Networked Storage-NAS Installation

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should EMC supplier (EMC) split? – primary evaluation | real questions with brain dumps

should EMC Corp damage Itself aside?: quickly primary evaluation by means of FASTgraphs


On Monday a Wall road Journal article stated that the hedge fund Elliott administration Corp has taken a greater than $1 billion stake in EMC organization (NYSE:EMC) and published that it intends to petition the enterprise to break itself aside.  Elliott believes that this may release shareholder cost.  Implicit in that thesis stands out as the thought that EMC Corp is not receiving full value from the market.  this article is obtainable as an in-depth analysis of the fundamental value of EMC Corp relating to how the market is evaluating its company.

short enterprise Description

here short company description on EMC company (NYSE:EMC) offered courtesy of Capital IQ:

“EMC company develops, promises, and supports advice infrastructure and virtual infrastructure technologies, options, and services. It operates in three segments: assistance Storage, counsel Intelligence community, and RSA tips security.

The business offers enterprise storage programs and utility deployed in storage area networks (SAN), networked attached storage (NAS), unified storage combining NAS and SAN, object storage, and/or direct attached storage environments, in addition to gives backup and recuperation, disaster recuperation, and archiving options.

It additionally offers tips security solutions that are engineered to combine agile controls for id assurance, fraud detection, and records insurance plan, in addition to security analytics and GRC capabilities; and professional consulting and advisory services.

additionally, the company offers advice intelligence software, cloud solutions, and services, together with EMC Documentum xCP for building business and case management solutions; EMC Captiva for clever business capture; EMC doc Sciences for consumer communications administration; EMC SourceOne Kazeon for e-discovery; the EMC Documentum platform for growing, managing, and deploying enterprise applications and options; and the EMC OnDemand private cloud deployment model for enterprise-type applications.

extra, it presents VMware digital and cloud infrastructure solutions that permit groups to aggregate numerous servers, storage infrastructure, and networks together into shared swimming pools of potential that may well be allocated to applications as needed. moreover, the business gives setting up, professional, software and hardware preservation, and working towards features.

EMC company markets its items through quite a lot of distribution channels, in addition to directly in North the united states, Latin the united states, Europe, the center East, South Africa, and the Asia Pacific place. The business turned into situated in 1979 and is headquartered in Hopkinton, Massachusetts.”

revenue working history

right here revenue simplest quick Graphs™ on EMC Corp illustrate the dynamic nature of an organization’s income per share increase over distinct time periods.  profits boom is a dynamic calculation that varies when graphed from one time body to the subsequent.  because of this, it’s important to evaluation a number of timeframes when evaluating an organization’s old revenue growth rate.  here 15 calendar year, 10 calendar yr, 7 calendar year and 5 calendar 12 months graphs illustrate that EMC’s salary increase has been accelerating (see profits increase fees circled in yellow).

profits (operating) historical past 15-yr


income working history 10-12 months


profits operating background 7-year


income operating heritage 5-yr


operating salary and Dividend background

The essential take-away from right here earnings and dividend graph is that ahead of 2013 EMC service provider (NYSE:EMC) was only a boom inventory.  however, as printed by means of the dividends paid out (blue shaded enviornment) and plotting of dividends as a percentage of income (the crimson line) we see that as of December 2013 the company has lately morphed into a dividend paying inventory.  It can be unique to monitor how future dividends are paid.


 15-yr earnings and value Correlated quick Graph (with Dividends and usual P/E Ratio)

throughout the tech bubble that ran from 1995 to 2000 we see that EMC supplier (NYSE:EMC)’s stock rate changed into dramatically above its salary justified valuation.  additionally, when earnings dropped all the way through the recession of 2001, the inventory expense correction changed into swift and severe.  despite the fact, when you consider that that “tech bubble” length EMC Corp has produced a gradual flow of above-average revenue growth.  moreover the typical P/E ratio become vastly skewed because of the excessive overvaluation all through the tech bubble.


10-12 months revenue and value Correlated quick Graph (with Dividends and ordinary P/E Ratio)

This timeframe naturally illustrates the value of earnings and their impact on stock cost in the long run.  considering that 2006 there have been a few periods where EMC Corp’s stock price deviated from revenue and simultaneously becoming overestimated, earlier than inevitably returning to fair cost (the orange line).


7-year income and value Correlated quickly Graph (with Dividends and typical P/E Ratio)


 15-yr old P/E Ratio vogue

The darkish blue line displays the fiscal 12 months-conclusion P/E ratio for EMC Corp due to the fact that 2001 (the right scale on the graph).  right here we see a steady decline in EMC’s P/E ratio.  although, consideration may still take delivery of to the extreme excessive P/E ratios that were afforded most tech stocks all through the tech bubble.



historic efficiency is functionally involving income increase success and starting valuation.  because of this, when efficiency is correctly measured, it is vital that beginning valuation be considered along side earnings (and dividends, if any) boom.

A excessive starting valuation will cut back capital appreciation; a low starting valuation will increase capital appreciation.  When a company’s starting valuation is in alignment with earnings, capital appreciation might be extremely correlated with the business’s earnings growth rate.

15-12 months efficiency:  From starting Overvaluation


7-12 months efficiency:  From beginning fair Valuation


salary Forecasts

The “Estimated earnings and Return Calculator” offers a few certain future yr’s earnings forecasts.  particular close-term revenue forecasts (varies from two to 4 years) are provided to encompass the variety of analysts reporting to Capital IQ (yellow and eco-friendly highlights).  moreover a long-term (three to 5 year) growth expense is also supplied (orange highlights).  The certain number of analysts offering the long-time period forecast is present in the speedy statistics container (orange circle).

hence, we totally recommend placing more credence on the close-term forecasts as a result of they're likely to be greater accurate.  moreover, near-time period forecasts tend to consist of a stronger number of analysts within the consensus.


revenue Yield

Shareholders in publically traded businesses, despite the fact that they're passive homeowners, can predict to be rewarded for their investment in share to the company’s salary means.  subsequently, the salary yield calculated from existing and future (anticipated) salary represents a vital valuation consideration.


FUNdamentals:  A Deeper look

making use of enjoyable Graphs (primary underlying numbers), here crucial simple metrics and key ratios are offered to deliver a deeper appear into the enterprise’s monetary strength and latest valuation.

balance Sheet

right here steadiness sheet objects are offered to show the economic fitness of the enterprise.  They consist of assets per share (atps), cash and equivalents per share (cashps) and customary equity or e-book cost per share (ceps).

These key stability sheet gadgets demonstrate that EMC service provider (NYSE:EMC) possesses a robust and in shape steadiness sheet.  This begs the question as as to whether or no longer it makes sense to wreck the company apart as Elliott management suggests.


Gross and net profit Margins

EMC Corp has maintained normally amazing gross profit margin (gpm) and net profit margin (npm).  additionally, each have proven increases in contemporary years.  as soon as again, this raises the query of the should have this business damaged aside.


Return on assets, equity and Invested Capital

EMC employer (NYSE:EMC) has produced effective returns on property (roa), returns on equity (roe) and returns on invested capital (roi).  youngsters all three fell all the way through the first-rate Recession (grey shaded area) they remained at fairly healthy degrees.


Key Liquidity Ratios

Liquidity is a crucial consideration when evaluating a enterprise.  There are two simple ratios that prudent investors seem to be to.

The short ratio (qr) often known as the acid-test ratio, measures a company’s capability to fulfill short-time period responsibilities by means of making use of its liquid belongings.  commonly talking, a brief ratio of one or enhanced is considered match.

moreover, the current ratio (cr) measures the enterprise’s ability to retire its short-time period liabilities (debt and payables) with its brief-term belongings (money, stock and receivables).  This essential ratio is regularly stated as the liquidity ratio and is an excellent indicator of a corporation’s capacity to stay a going concern.

for the reason that many traders are concerned about fee volatility, we've blanketed 5-year beta as an additional key ratio.  A beta of one or lessen is considered most appropriate relative to risk.  on the other hand, a beta above one might also also point out the knowledge for above-market lengthy-term performance.

although these key liquidity ratios regarding EMC have deteriorated following the exceptional Recession, both have proven fine advancements seeing that 2011.  subsequently, it is clear that EMC Corp is capable of assembly short-time period obligations.


additional Key Valuation Ratios

Two important valuation ratios that investors consider are expense to publication price (pb) and price to revenue (ps).  When since each of these valuation ratios, the lessen the improved.

consequently, it is obvious that EMC’s present price to ebook and cost to sales ratios are on the traditionally low aspect.  This offers an additional indication that the business is at the moment relatively valued.


Key management Shareholder-pleasant Metrics

Many traders trust an organization’s shareholder-friendliness based on its dividend policy and/or share buyback coverage.  A consistent listing of paying dividends, and stronger yet, expanding the dividend are considered positive attributes of administration.

although, many corporations in the increase phase may additionally agree with it more ecocnomic to preserve their money to fund boom.  because of this, the inability of a dividend doesn't necessarily point out that management is not shareholder-pleasant.

involving share buybacks, they are regarded friendly because they're anti-dilutive.  besides the fact that children, share buybacks may still most effective be considered shareholder-pleasant when management is purchasing back shares when stock price is sound or undervalued.


Bonus: VMware Inc (VMW) profits and price Correlated Graphs and performance

As mentioned within the Wall road Journal on Monday, and once again in the Wall road Journal today, EMC Corp continues an 80% stake in VMware, Inc. (NYSE:VMW), which is also a publically traded business.  Elliott administration believes that EMC’s stock would receive a substantial raise if they have been to spin-off these belongings.  youngsters, we trust that in keeping with the excessive expense of earnings growth that VMware Inc has carried out, and the high salary boom that it's forecast to achieve, doesn't aid Elliott management’s thesis.  in addition, as mentioned in the Wall highway Journal above, VMware Inc contributed less than a quarter of EMC’s consolidated earnings closing year.




 summary and Conclusions

It looks that Elliott management is disturbed about EMC corporation (NYSE:EMC)’s existing market price, contending that the shares don't seem to be being fairly valued by way of the market expense.  however, in response to primary price, we contend that EMC Corp is being safely valued by way of the market at the moment, and has been for the last 18 months.  hence, we accept as true with that this enterprise is top of the line left at its current capital constitution.

having said that, if Elliott management continues, it might prove briefly harmful.  therefore, potential investors should consider and video display these trends as they unfold.

Disclosure:  No position at the time of writing.

should still EMC Corp. wreck Itself aside?: fast simple analysis - Dell applied sciences Inc. (NYSE:DVMT) | looking for Alpha | real questions with brain dumps

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    EMC faces a important examine | real questions with brain dumps

    COMMENTARY--Most Wall road analysts believed storage king EMC would finish the fourth quarter with a mild loss or ruin-even outcomes. but a good deal to their satisfaction--and shock--EMC final week pointed out salary would be between 1 cent and a couple of cents on income of $1.47 billion.

    You may pretty much hear some individuals on the manhattan stock exchange get away into tune as the stock shot up greater than 23 percent. however happy days are not here again. The fact is that EMC's results were based mostly basically on a success cost-chopping. This continues to be a essential make-or-wreck time for EMC, which could face severe problem if it fails to get a hold of a radically distinctive enterprise mannequin before the beginning of 2004.

    EMC has thrived on earnings of one product: Symmetrix. but the old workhorse has grown ancient and the times of successful eighty % margin deals are over. Hitachi statistics systems presents superior expertise and lower prices while IBM bundles its Shark subsystem into large capabilities and server deals. The February introduction of a brand new version of Symmetrix will help but nonetheless won't be enough to reverse market share losses or boost margins.

    EMC's midrange CX gadget is a superb field, and its partnership with Dell will help, but CX nonetheless competes in a cutthroat market that includes Hewlett-Packard, IBM and sun, where competition turns each deal right into a low-margin fight.

    EMC additionally relinquished its leadership in network-connected storage (NAS) to community equipment in the fourth quarter. In a segment dominated by using smaller techniques, EMC best offers a high-end NAS answer, referred to as Celerra.

    The enterprise's newest approach for deciding upon up market share is to reduce pricing whereas seeding the customer base for its software products that simplest run on EMC's proprietary packing containers.

    management's bold claims in regards to the enterprise's capacity to cash in on earnings of application and capabilities are a stretch. although Gartner community estimates EMC as the chief in storage administration utility, that is just proper in terms of profits. The company's two leading application items, SRDF and TimeFinder, are according to machine-level utility written in microcode within the Symmetrix and Clariion systems. In layman's phrases, this is more just like the functionality hard-wired into your microwave oven than the dissimilar CDs you buy to your pc from Microsoft. The application works, however it is still tough so as to add new features with out ripping apart hardware along the manner.

    Symmetrix and Clariion have the same application performance however each is incompatible with the different and the application can in no way be ported to other storage or server platforms. This means that if the business shifts and storage utility strikes from disk subsystems to switches or servers (a distinct chance), then EMC loses large.

    EMC's application vision of a multilayered storage management platform is dead on, however the business should be competing against a cast of hundreds together with Veritas, IBM, laptop associates, BMC and HP. These businesses write code in C++ and Java and have huge agencies already skilled in software engineering, guide and distribution.

    As for capabilities, it's complicated to be mindful what EMC is doing right here. in keeping with IDC, the enterprise led the market within the second quarter with $288 million in storage features salary. nevertheless, it's elaborate to be mindful how much of here's pure capabilities income, as each product installation carries a features charge with it (a application price as smartly). aside from this, EMC service contains a maze of third-birthday celebration subcontractors, an Accenture partnership, junior engineers--and no clear method.

    Up on the market?The enterprise wants bold action, however what can it in fact do? Rumors have circulated that EMC is on the market, with Dell, IBM, solar, Cisco and HP topping the record of seemingly suitors. This may not ensue. Dell does not do huge acquisitions. It prefers to sign partnerships and wait except products turn into commodities--then it attacks.

    As for the others, EMC's in-your-face, macho tradition is a mismatch for button-down IBM or the Silicon Valley coolness of sun. Disk subsystems are too removed from core communications for Cisco, and does any individual actually agree with HP has the abdominal for an extra big acquisition?

    What EMC may still do is spin off a storage subsidiary and create a new utility-centric company and tradition. this is able to allow the enterprise to play through real software suggestions internally and within the container while it continues to shave costs and change the distribution model for its hardware.

    EMC might leap-delivery this method via acquiring a fairly sized administration software firm with an already existing construction mannequin, partnering method and distribution channel. Rumor has it that EMC become blindsided and outbid by using Veritas for precise software. With that chance long past, the company must open its wallet a little wider and think about organizations like Compuware and NetIQ.

    The application spin-off method is unlikely. EMC will probably continue on its direction and cherry-select the market for distressed delivery-up businesses or those with bargain basement valuations. last yr EMC bought the last property of failed birth-americaCereva and Sanrise and purchased storage aid management business Prisa Networks. These businesses may additionally have highbrow property of value, however for EMC, this approach is corresponding to a pedicure when an intense makeover is required.

    devoid of a thorough circulate to increase earnings and margin, EMC will be pressured to cut manufacturing, real property, and personnel expenses to the bone. not a beautiful image. If this happens, the enterprise's destiny should be an awful lot like that of an extra Massachusetts high-tech legend, Digital machine. Like Digital, EMC might fade from its leadership position into years of mediocrity.

    Jon Oltsik is a founder and predominant at Hype-Free Consulting, a analysis and consulting firm. E20-661 Brain Dumps with Real Questions

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    E20-661 Certification Brain Dumps Source : Networked Storage-NAS Installation and Troubleshooting

    Test Code : E20-661
    Test Name : Networked Storage-NAS Installation and Troubleshooting
    Vendor Name : EMC
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