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said to this point in the first quarter, global demand for its information storage systems, software and services has been strong, and the company projected revenue growth of 25% to 35% for 2001.

The company said parts of the U.S. business have been "challenged" by the sharp drop-off in spending by Internet companies, but EMC said overall demand from large global companies, shipments of networked information storage products and the growth of international business are still strong.

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EMC said it is continuing "to march toward" its revenue goal of $12 billion in 2001.