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By then, according to Bob Scranton, who is vice president of technology for IBM's storage-systems division, storage density will have reached about 70-100 gigabytes per square inch, compared with about 1 gigabyte per square inch today.
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And they have also built up momentum in their Amazon Web Services division, providing storage and cloud services for many large businesses.
When RSA, the security division of storage company EMC, hacked a gang of cybercriminals they found the logins and passwords of employees from 300 of the world's top 500 companies, says Eric Baize, one of the firm's top security experts.
The pipe and storage division's 1999 sales fell 18percentto to $118 million, from $142.8 million and the division had a loss of 4 cents a share, in contrast to a profit of 16 cents a year earlier.
The storage division is now worth twenty per cent less than it was a decade ago.
EMC was also blindsided by a price war initiated by Hitachi Data Systems, a unit of Hitachi Ltd., the deep-pocketed Japanese company, and joined by I.B.M.'s data storage division.
CEO Ashutosh previously served as vice president of HP's storage division.
So much so, the storage division for Sun is the proverbial cash cow.
Its $900 million-a-year security business will soon be split away from its storage division.
The acquisition fits into EMC's strategy of trying to counter fierce pricing pressure in its data storage division by selling more profitable storage software.
The only saving grace had been Clarion, a separate storage division, which has been the main reason why EMC decided to snap up Data General.
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