EMC » Topics » EXPLANATORY NOTE

This excerpt taken from the EMC 10-Q filed Aug 10, 2006.

EXPLANATORY NOTE

We are filing this Amendment No. 1 to our Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2006, as filed with the Securities and Exchange Commission on August 4, 2006, to correct the following typographical errors: p. 12 – Amounts charged to the accrual for the Six Months Ended June 30, 2006 should read (58,707), p. 14 – end of last sentence under Employee Stock Purchase Plan should read “$52.6 million and $49.2 million, respectively,” p. 17 – Total Stock-Based Compensation for the Six Months Ended June 30, 2006 in Cost of product sales should read 22,964, p. 23 – Consolidated Cost of Sales for the Six Months Ended June 30, 2006 should read 2,433,875, p. 24 – last sentence in the third paragraph under Defined Benefit Pension Plans should read “At June 30, 2006, the Pension Plan held $0.3 million of our common stock,” p. 30 – % Change for the Three Months Ended June 30, 2006 and June 30, 2005 for the Total cost of revenue should read 11.8, p. 31 – $ Change for the Six Months Ended June 30, 2006 and June 30, 2005 for Net income should read $(11.7), p. 36 – the next to last sentence in the second paragraph under Financial Condition should read “Net purchases and maturities of investments were $266.1 and $115.0 for the six months ended June 30, 2006 and 2005, respectively” and p. 37 – next to last sentence in the first paragraph should read “Under the terms of the agreement, we will pay $28.00 per share in cash in exchange for each share of RSA for an aggregate purchase price of approximately $2,100.0, net of RSA’s existing cash balance.” In addition, in Management’s Discussion and Analysis of Financial Condition and Results of Operations, we have adjusted various numbers due to rounding and clarified in two instances that a period over period percentage change was not measurable.

Other than the changes referred to above, all other information in our Form 10-Q described above remains unchanged. This amendment does not reflect events occurring after the original filing of such Form 10-Q and does not modify or update the disclosures in any way other than to correct the typographical errors described above.


Table of Contents

EMC CORPORATION

 

     Page No.

PART I — FINANCIAL INFORMATION

  

Item 1. Financial Statements (unaudited)

  

Consolidated Balance Sheets at June 30, 2006 and December 31, 2005

   4

Consolidated Income Statements for the Three and Six Months Ended
June 30, 2006 and 2005

   5

Consolidated Statements of Cash Flows for the Six Months Ended
June 30, 2006 and 2005

   6

Consolidated Statements of Comprehensive Income for the Three and Six Months Ended
June 30, 2006 and 2005

   7

Notes to Consolidated Financial Statements

   8

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

   26

Item 3. Quantitative and Qualitative Disclosures About Market Risk

   38

Item 4. Controls and Procedures

   38

PART II — OTHER INFORMATION

  

Item 1. Legal Proceedings

   39

Item 1A. Risk Factors

   39

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

   45

Item 3. Defaults Upon Senior Securities

   45

Item 4. Submission of Matters to a Vote of Security Holders

   45

Item 5. Other Information

   46

Item 6. Exhibits

   46

SIGNATURES

   47

EXHIBIT INDEX

   48

 

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