NORWEST CORP
SC 13G/A, 1994-02-09
NATIONAL COMMERCIAL BANKS
Previous: NORWEST CORP, SC 13G/A, 1994-02-09
Next: NORWEST CORP, SC 13G/A, 1994-02-09



<PAGE>


                      SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C.  20549

                                  SCHEDULE 13G

                   UNDER THE SECURITIES EXCHANGE ACT OF 1934


                                EMC Corporation
                                 -------------
                                (Name of Issuer)

                                  Common Stock
                                  ------------
                         (Title of Class of Securities)

                                  268649 10 0
                                  -----------
                                 (CUSIP Number)



Check the following if a fee is being paid with this statement [X].  (A fee is
not required only if the filing person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent of such class.)  (See
Rule 13d-7).

*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).

<PAGE>


CUSIP NO.  268649 10 0                13G                   


- - - ------------------------------------------------------------------------------
 1   NAME OR REPORTING PERSON
     S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

              Norwest Corporation
              Taxpayer Identification No.  41-0449260
 
- - - ------------------------------------------------------------------------------
 2   CHECK THE APPROPRIATE LINE IF A MEMBER OF A GROUP*            (a)
                                                                       ------- 
                                                                   (b) 
                                                                       -------
                             
- - - ------------------------------------------------------------------------------
 3   SEC USE ONLY


 
- - - ------------------------------------------------------------------------------
 4   CITIZENSHIP OR PLACE OF ORGANIZATION
 
              Delaware
 
- - - ------------------------------------------------------------------------------
   NUMBER OF    5    SOLE VOTING POWER                                
                                                                                
    SHARES                   10,000
                     ---------------------------------------------------------
 BENEFICIALLY   6    SHARED VOTING POWER                              
                                                                        
   OWNED BY                   2,310
                     ---------------------------------------------------------
     EACH       7    SOLE DISPOSITIVE POWER                            
                                                                        
   REPORTING                 10,000
                     ---------------------------------------------------------
    PERSON      8    SHARED DISPOSITIVE POWER                          
                                                                        
     WITH                     2,310
- - - ------------------------------------------------------------------------------
 9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
               12,310
  
- - - ------------------------------------------------------------------------------
10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
 
 

 
- - - ------------------------------------------------------------------------------
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
              11.3%
 
- - - ------------------------------------------------------------------------------
12   TYPE OF REPORTING PERSON*
 
              HC
 
- - - ------------------------------------------------------------------------------
 
                                       2

<PAGE>

CUSIP NO.  268649 10 0                13G                   


- - - ------------------------------------------------------------------------------
 1   NAME OR REPORTING PERSON
     S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

              Norwest Limited, Inc.
              Taxpayer Identification No.  41-1647371
 
- - - ------------------------------------------------------------------------------
 2   CHECK THE APPROPRIATE LINE IF A MEMBER OF A GROUP*            (a)
                                                                       ------- 
                                                                   (b) 
                                                                       -------
                             
- - - ------------------------------------------------------------------------------
 3   SEC USE ONLY


 
- - - ------------------------------------------------------------------------------
 4   CITIZENSHIP OR PLACE OF ORGANIZATION
 
              Minnesota
 
- - - ------------------------------------------------------------------------------
   NUMBER OF    5    SOLE VOTING POWER                                
                                                                                
    SHARES                   10,000
                     ---------------------------------------------------------
 BENEFICIALLY   6    SHARED VOTING POWER                              
                                                                        
   OWNED BY                 0                     
                     ---------------------------------------------------------
     EACH       7    SOLE DISPOSITIVE POWER                            
                                                                        
   REPORTING                 10,000
                     ---------------------------------------------------------
    PERSON      8    SHARED DISPOSITIVE POWER                          
                                                                        
     WITH                   0
- - - ------------------------------------------------------------------------------
 9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
               10,000
  
- - - ------------------------------------------------------------------------------
10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
 
 

 
- - - ------------------------------------------------------------------------------
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
               9.2%
 
- - - ------------------------------------------------------------------------------
12   TYPE OF REPORTING PERSON*
 
              CO
 
- - - ------------------------------------------------------------------------------
 
                                       3


<PAGE>


CUSIP NO.  268649 10 0                13G                   


- - - ------------------------------------------------------------------------------
 1   NAME OR REPORTING PERSON
     S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

              Norwest Growth Fund, Inc.
              Taxpayer Identification No.  41-084284
 
- - - ------------------------------------------------------------------------------
 2   CHECK THE APPROPRIATE LINE IF A MEMBER OF A GROUP*            (a)
                                                                       ------- 
                                                                   (b) 
                                                                       -------
                             
- - - ------------------------------------------------------------------------------
 3   SEC USE ONLY


 
- - - ------------------------------------------------------------------------------
 4   CITIZENSHIP OR PLACE OF ORGANIZATION
 
              Minnesota
 
- - - ------------------------------------------------------------------------------
   NUMBER OF    5    SOLE VOTING POWER                                
                                                                                
    SHARES                   10,000
                     ---------------------------------------------------------
 BENEFICIALLY   6    SHARED VOTING POWER                              
                                                                        
   OWNED BY                 0
                     ---------------------------------------------------------
     EACH       7    SOLE DISPOSITIVE POWER                            
                                                                        
   REPORTING                 10,000
                     ---------------------------------------------------------
    PERSON      8    SHARED DISPOSITIVE POWER                          
                                                                        
     WITH                   0
- - - ------------------------------------------------------------------------------
 9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
               10,000
  
- - - ------------------------------------------------------------------------------
10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
 
 

 
- - - ------------------------------------------------------------------------------
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
               9.2%
 
- - - ------------------------------------------------------------------------------
12   TYPE OF REPORTING PERSON*
 
              CO
 
- - - ------------------------------------------------------------------------------

                                      4 

<PAGE>


                      SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C.  20549

                                 SCHEDULE 13G
                   UNDER THE SECURITIES EXCHANGE ACT OF 1934


Item 1(a)      Name of Issuer:
- - - ---------      ---------------

               EMC Corporation

Item 1(b)      Address of Issuer's Principal Executive Offices:
- - - ---------      ------------------------------------------------

               300 York Ave.
               St. Paul, MN  55101

Item 2(a)      Name of Person Filing:
- - - ---------      ---------------------- 

               1. Norwest Corporation

               2. Norwest Limited, Inc. ("NLI")

               3. Norwest Growth Fund, Inc. ("NGF")
                  
               This statement is filed by Norwest Corporation on behalf of all
               of the persons listed above pursuant to Rule 13d-1(c) and Rule
               13d-1(f).  Attached is an agreement among the persons listed
               above to that effect.  NLI is a wholly owned subsidiary of
               Norwest Corporation and owns 100% of NGF.  

                                       5


<PAGE>


Item 2(b)      Address of Principal Business Office(s):
- - - ---------      --------------------------------------- 

               1. Norwest Corporation
                  Norwest Center
                  Sixth and Marquette
                  Minneapolis, MN  55479-1000

               2. Norwest Limited, Inc.
                  2800 Piper Jaffray Tower
                  222 South Ninth Street
                  Minneapolis, Minnesota  55402

               3. Norwest Growth Fund, Inc.
                  2800 Piper Jaffray Tower
                  222 South Ninth Street
                  Minneapolis, Minnesota  55402


Item 2(c)      Citizenship:
- - - ---------      -----------

               1. Norwest Corporation is a Delaware corporation.

               2. NLI is a Minnesota corporation.

               3. NGF is a Minnesota corporation.



                  
                                       6


<PAGE>


Item 2(d)      Title of Class of Securities:
- - - ---------      ---------------------------- 

               Common Stock


Item 2(e)      CUSIP Number:
- - - ---------      ------------ 

               268649 10 0


Item 3         If this Statement is filed pursuant to Rule 13d-1(b) or 13d-2(b):
- - - ------         --------------------------------------------------------------- 

               Not Applicable


Item 4         Ownership:
- - - ------         --------- 

               1. Norwest Corporation

               (a) Amount Beneficially Owned.  At December 31, 1993, Norwest
               Corporation was deemed to own, indirectly through its
               subsidiaries, 12,310 shares.  Norwest Corporation has no other 
               rights to acquire additional shares through the exercise of 
               options or otherwise.

               (b) Percent of Class:  11.3%

               (c) Number of shares as to which Norwest Corporation, indirectly
               through its subsidiaries, has:

                 (i)   Sole power to vote or direct the vote:  10,000

                 (ii)  Shared power to vote or direct the vote:  2,310

                 (iii) Sole power to dispose or to direct the disposition of:
                       10,000

                 (iv)  Shared power to dispose or direct the disposition of:
                       2,310

               2. NLI

               (a) Amount Beneficially Owned.  At December 31, 1993, Norwest
               Limited, Inc. was deemed to own, indirectly through its

                                       7


<PAGE>

 
               subsidiary, NGF, 10,000 shares and had no rights to acquire 
               additional shares through the exercise of options or otherwise.

               (b) Percent of Class:  9.2%

               (c) Number of shares as to which NLI, indirectly through a
               subsidiary has:

                 (i)   Sole power to vote or direct the vote:  10,000

                 (ii)  Shared power to vote or direct the vote:  0

                 (iii) Sole power to dispose or to direct the disposition of:
                       10,000

                 (iv)  Shared power to dispose or direct the disposition of:
                       0

               3. NGF

               (a) Amount Beneficially Owned.  At December 31, 1993, NGF owned
               10,000 shares and had no rights to acquire additional shares
               through the exercise of options or otherwise.

               (b) Percent of Class:  9.2%

               (c) Number of shares as to which NGF has:

                 (i)   Sole power to vote or direct the vote:  10,000

                 (ii)  Shared power to vote or direct the vote:  0

                 (iii) Sole power to dispose or to direct the disposition of:
                       10,000

                 (iv)  Shared power to dispose or direct the disposition of:
                       0

                                       8


<PAGE>


               Norwest Corporation, and NLI disclaim beneficial ownership
               of, and the filing of this statement shall not be construed as
               an admission that they are beneficial owners of, the shares
               covered by this statement for purposes of Sections 13, 14, or 16
               of the Act.  

Item 5         Ownership of Five Percent or Less of Class:
- - - ------         ------------------------------------------ 

               Not Applicable

                                       9


<PAGE>


Item 6         Ownership of More than Five Percent on Behalf of Another 
- - - ------         --------------------------------------------------------
               Person:
               ------           

               Not Applicable


Item 7         Identification and Classification of the Subsidiary Which
- - - ------         ---------------------------------------------------------
               Acquired the Security Being Reported on by the Parent Holding
               -------------------------------------------------------------
               Company:
               ------- 

               This statement is filed pursuant to Rule 13d-1(c) and 13d-1(f)(1)
               by Norwest Corporation as a parent holding company on behalf of
               the entities listed in Exhibit A to this statement.


Item 8 and Item 9
- - - -----------------

               Not Applicable


Item 10        Certification:
- - - -------        ------------- 

               By signing below, I certify that, to the best of my knowledge and
               belief, the securities referred to above were acquired in the
               ordinary course of business and were not acquired for the purpose
               of and do not have the effect of changing or influencing the
               control of the issuer of such securities and were not acquired in
               connection with or as a participant in any transaction having
               such purposes or effect.


               Signature:
               --------- 
               After reasonable inquiry and to the best of my knowledge and
               belief, I certify that the information set forth in this
               statement is true, complete, and correct.

    Dated: February 8, 1994

    NORWEST CORPORATION

    By  /s/ Laurel A. Holschuh
        ------------------------------------
         Laurel A. Holschuh, Senior Vice President
            and Secretary

                                      10


<PAGE>


                                   EXHIBIT A
                                   ---------

(Attached to and forming a part of a Schedule 13G filed by Norwest Corporation
on its own behalf and on behalf of Norwest Limited, Inc. and Norwest Growth
Fund, Inc. regarding EMC Corporation.)


Item 7
- - - ------

     (a) Northwest Venture Partners, a Minnesota Limited Partnership is a 
         small business investment company filing pursuant to Rule 13d-1(c)

     (b) Norwest Bank Arizona, National Association is a bank - Item 3(b)

     (c) Norwest Growth Fund, Inc. is a small business investment company filing
         pursuant to Rule 13d-1(c)

     (d) Norwest Limited, Inc. is a parent holding company - Item 3(g)


                                      11


<PAGE>


                                   AGREEMENT
                                   ---------

     The undersigned hereby agree that the statement on Schedule 13G to which
this Agreement is attached shall be filed by Norwest Corporation on its own
behalf and on behalf of Norwest Limited, Inc., a wholly owned subsidiary of
Norwest Corporation, and Norwest Growth Fund, Inc., an indirect subsidiary of
Norwest Corporation.

Dated:  February 8, 1994


NORWEST CORPORATION

/s/ Laurel A. Holschuh
__________________________________
Laurel A. Holschuh, Senior Vice 
  President and Secretary


NORWEST LIMITED, INC.

/s/ Michael A. Graf
__________________________________
Michael A. Graf, Vice President



NORWEST GROWTH FUND, INC.

/s/ John P. Whaley
__________________________________
John P. Whaley, Vice President

                                      12



© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission