From EMC World:
This is how we set up federation: Build a digital agenda, go to cloud, go mobile and protect yourself. These things snap together like building blocks, like Legos. (Customers) get the speed and agility of a smaller company within a bigger company. To do this is not for the faint of heart, but the philosophy is choice, not to lock you in.
Also, the piece has some figures on R&D and M&A spend, as well as revenue for recent acquisitions.