EMC Up on New Product

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Data storage leader

EMC

(EMC)

was up 4.6% in early trading as it unveiled a new low-priced

network-attached storage system

, or NAS, designed to compete directly with rapidly-growing rival

Network Appliance

(NTAP) - Get Report

. Network Appliance was up 6.9%. Other companies unveiled storage systems in announcements designed to draw attention from EMC.

IBM

(IBM) - Get Report

unveiled a storage system designed to work with all hardware and software. IBM was up 1.7%.

Sun Microsystems

said it would buy data-storage software maker

HighGround Systems

. Sun was up 4.6%.