UPDATE 2-EMC says to cut 2,400 jobs, shares rise

*EMC to cut 2,400 jobs, or 6 percent of its staff

*4th quarter earnings in line with estimates

*Excludes Q4 restructuring charge of 10 cents a share

*Shares rise 5 pct in extended trading (Adds analyst comments, details on results. Updates shares)

By Jim Finkle

BOSTON, Jan 7 (Reuters) - EMC Corp (EMC.N), the world's biggest maker of data storage equipment for businesses, said it plans to cut 2,400 jobs, or 6 percent of its staff, to help weather the global recession, and its shares rose 5 percent.

The Hopkinton, Massachusetts-based company also reported a preliminary fourth quarter profit, excluding a restructuring charge, which was in line with Wall Street Estimates.

EMC shares rose as investors cheered news that EMC was moving to control costs and that it had met expectations for the quarter, particularly after No. 1 chipmaker Intel Corp (INTC.O) had warned earlier on Wednesday that its earnings fell short of already diminished estimates.

"It's amazing news," said Kaushik Roy, an analyst with Pacific Growth Equities. "They've done so much better compared to other tech companies... EMC has delivered on its promises."