EMC shortage forces cut in profit forecast

EMC Corp, the world’s biggest maker of storage computers, cut its 2006 profit and revenue forecast after the company couldn’t produce enough machines to meet demand.

Profit will be about 51 cents a share, compared with the 57 cents anticipated on June 7, Hopkinton, Massachusetts-based EMC said in a statement. EMC reduced its sales estimate to about $10.8 billion (€8.5bn) from $11.1 billion on June 7.

EMC employs 1,500 people in Ballincollig, Co Cork, and 30 people in Dublin.