EMC's top five executives, including CEO Joe Tucci, are taking 10% pay cuts, the storage vendor reported to the US Securities and Exchange Commission recently.
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EMC executives predict that flash storage technology will be nearly as inexpensive as high-end disk drives within two years. Most disk drives will continue to offer lower prices than flash, though, ensuring a long life for disk technology, they say.
EMC president and chief executive officer Joe Tucci predicts that the storage market will undergo significant changes in 2006 due to the prevalence of emerging technologies and growth potential in new customer segments.