Agrees 90 Percent With Elliott Management
Tucci said he agrees with activist investor Elliott Management's assessment of EMC, but disagrees with Elliott's proposal to divest of certain business units. "What Elliott was saying about the company, there's probably 90 percent we agree on: good management, good products and we're undervalued. [Elliott founder Paul Singer] suggested consolidation, or the spin-off of VMware, and I disagreed with that part. But it's incumbent upon us to show that in a reasonable time frame, that we can create long-term shareholder value. The hybrid model is a long-lasting model."