EMC officials say the company has shipped in the range of 40,000 to 50,000 Symmetrix units since 1991. Each array is typically priced from several hundred thousand dollars to over $1 million.
Sources say Yanai made sure his core engineering team were also cut in on the deal, including Natan Vishlitzky, Tuvia Leneman, Daniel Castel, and Bruno Alterescu. Three of the four engineers still work for him today. Alterescu works directly for EMC executive chairman, Michael Reuttgers.
There is no public record of any of these transactions. The SEC requires that public companies disclose the compensation of all executive officers. Yanai, despite being a VP at EMC, has apparently never been promoted to the status that would call for an SEC filing of his compensation.
EMC did well with Symmetrix for years. Officials acknowledge Symmetrix was largely responsible for EMCs multibillion-dollar annual sales. In the 1990s, that performance helped EMC achieve the highest single-decade performance of any listed stock in the history of the New York Stock Exchange. From January 1, 1990, to December 31, 1999, EMC's stock rose 80,575 percent.
But times have changed. Hardware has become commoditized, and competitors such as Hitachi Data Systems (HDS)
and IBM Corp. (NYSE: IBM)
have eaten into EMC's market share.
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