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EMC Corp. (NYSE:EMC), easing through the integration of Data Domain Inc., reports third-quarter earnings on Thursday with a Webcast being held at 8:30 a.m. ET. Analyst takesLast week, Thomas Weisel Partners LLC analyst Doug Reid upgraded shares of the acquisitive data storage tech provider to "Overweight" from "Market Weight." He...
Posted on October 20, 2009 1:24 PM
War is the continuation of politics by other means, Clausewitz famously wrote. In the consolidating information technology sector, it looks as if executive recruiting and M&A may occupy a similar continuum. At least that's one conclusion that might be drawn from the comings and goings at EMC Corp. (NYSE:EMC), the...
Posted on September 14, 2009 10:02 AM
When EMC Corp. (NYSE:EMC) completed its $2.2 billion acquisition of Data Domain Inc. in late July, the two hadn't interacted much. In fact, EMC didn't get a chance to poke around Data Domain until mid-July. That was when its unsolicited bid for Data Domain finally prevailed over that of rival...
Posted on September 11, 2009 1:09 PM
How do you integrate a company you just bought for more than 100 times earnings, with almost no due diligence? Very carefully, says Frank Hauck, executive vice president of global marketing and customer quality at storage networking company EMC Corp. (NYSE:EMC). It's Hauck who is leading the integration of data...
Posted on July 21, 2009 11:39 AM
EMC Corp. (NYSE:EMC) said it acquired majority ownership of Data Domain Inc. (NASDAQ:DDUP). The deal, which provided New Enterprise Associates with a major payday, comes at a time when companies are trying to slash costs to combat losses from operating in the economic downturn. EMC now controls about 82% of...
Posted on July 20, 2009 4:24 PM
Cash-rich tech giants are showing signs of a willingness to open their coffers to acquire startups and rivals. The tech-focused section of our sister blog Dealscape highlighted data from the 451 Group showing conditions have stabilized to some degree for tech acquirers and potential targets alike.Leading the way this...
Posted on June 22, 2009 3:06 PM
Rather than raising its bid, data storage giant EMC Corp. (NYSE:EMC) says its offer to acquire Data Domain Inc. (NASDAQ:DDUP) for $30 per share, or $1.9 billion, is superior to the part-stock counteroffer made by NetApp Inc. (NASDAQ:NTAP). NetApp first offered $1.5 billion, or $25 per Data Domain share, on...
Posted on June 4, 2009 9:16 AM
Bid, counterbid. Storage system provider NetApp Inc. (NASDAQ:NTAP) has raised its bid for Data Domain Inc. (NASDAQ:DDUP) by $400 million to $1.9 billion, net of the target's cash, matching a bid by storage giant EMC Corp. (NYSE:EMC).NetApp first offered $1.5 billion, or $25 per Data Domain share, on May 20....
Posted on June 3, 2009 8:31 AM
EMC Corp. (NYSE:EMC) has shown a healthy appetite for acquisitions over the years, and, as chief executive Joseph Tucci told investors in Boston on Tuesday, opportunistic deals are high on the network storage giant's 2009 agenda. The question is: Will EMC's eventual targets deliver on their promise?EMC has made a...
Posted on March 11, 2009 1:10 PM
Several important earnings announcements and energy deals are coming up the week of August 4, 2008. The Deal's Mary Kathleen Flynn of Tech Confidential and Suzanne Stevens of Corporate Dealmaker will bring you up to date on the week's dealmaking events. Here's a summary: On Aug. 4, Smith International Inc.'s...
Posted on August 4, 2008 1:14 PM
At one end of the integration spectrum is the consolidation approach. Recent example: the proposed acquisition of Allied Waste Industries Inc. of Phoenix by Republic Services Inc. of Ft. Lauderdale, Fla., which will produce a bigger waste management company based in Phoenix and operating under the Allied name. At the...
Posted on July 11, 2008 4:58 PM
Hard to say just what the lessons are. But that just makes the story of EMC Corp. and VMware Inc. -- which took its latest twist Tuesday with the ouster of VMware founder Diane Greene as CEO -- an even more compelling one for students of acquisitions and corporate strategy.For...
Posted on July 9, 2008 10:10 AM
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