If you wanted to be "sensitive" (I don't cry during movies and as such don't do sensitive) in how you stated it you'd say 'EMC is now in the Compute business'. Or it will be when we ship the feature.
EMC has been demoing moving Virtual Machines from other peoples servers to running directly on the storage array. Twice on stage, a lot more than that behind closed doors. Isilon are showing demos of it running in public, the VMAX team have started talking about it in public and there are other shoes to drop.
Just assume that in the future, when it's easier to move the Compute instead of the Data, you'll be able to move the Compute directly onto the EMC Array.
Is that being in the Server business? Maybe. But it's more like being in the Systems business.