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Tech titans are wielding deals to battle for market share. They have been acquiring and partnering, trying to figure out the right business strategy to win customers. The data center market would make a nice little case study. There is growing demand as server farms that run corporate back offices...
Posted on October 27, 2009 4:03 PM
IBM Corp. (NYSE:IBM) executive Robert Moffat's alleged role in the Galleon Group insider trading scandal has shocked former colleagues and acquaintances. This Bloomberg article quotes a few of them and also offers a profile of the long-time IBMer. What jumped out at us was a comment from Kaufman Bros. LP...
Posted on October 27, 2009 8:08 AM
Indian IT services giant Infosys Technologies Ltd. (NASDAQ:INFY) is looking to acquire companies with revenues of about $400 million, and as demand picks up, it is pursuing 12 to 15 outsourcing deals on the back of nine deals it sealed in the past two quarters.Infosys is known more for organic...
Posted on October 9, 2009 11:42 AM
We like M&A trends here at Corporate Dealmaker, whether it involves lithium-ion batteries, oncology, BPO or several other sectors we're tracking.So it was interesting to see a day after our data center update highlighting Brocade Communications Systems Inc. (NASDAQ:BRCD) possibly being up for sale that Emerson Electric Co. (NYSE:EMR) will...
Posted on October 6, 2009 2:55 PM
We speculated earlier Monday that IBM Corp. (NYSE:IBM) might want to buy data storage company Brocade Communications Systems Inc. (NASDAQ:BRCD), which may be for sale. But while we were speculating, IBM was announcing--and the deal it unveiled is a bit removed from the M&A path IBM has beaten of late....
Posted on October 5, 2009 3:29 PM
In the rising data center turf wars, it wouldn't be surprising that Brocade Communications Systems Inc. (NASDAQ:BRCD) has put itself up for sale. Citing people familiar with the matter, The Wall Street Journal said the San Jose, Calif., data storage and networking company quietly put itself up for sale and...
Posted on October 5, 2009 9:26 AM
Note: This is a corrected version of a post published on the morning of Sept. 21 that assumed the involvement of David Johnson, Dell's recently hired svp for strategy, in the transaction. In a conference call later on Monday, CEO Michael Dell indicated that assumption was wrong. See below,...
Posted on September 21, 2009 9:08 AM
For now, that is. U.S. District Judge Stephen Robinson says Dave Johnson, IBM Corp.'s (NYSE:IBM) former vice president for corporate development can work at rival Dell Inc. (NASDAQ:DELL) during its suit against Johnson. IBM claims Johnson is violating a noncompete clause by going to work for Dell. Bloomberg News picked...
Posted on June 26, 2009 2:46 PM
The latest: IBM Corp. (NYSE:IBM) named Elias Mendoza, who joined the company three years ago from Morgan Stanley (NYSE:MS), to head its corporate development team. IBM made the move as it battles former M&A chief David Johnson in court, who was lured away by rival Dell Inc. (NASDAQ:DELL).Dell has long...
Posted on June 24, 2009 11:15 AM
IBM Corp. (NYSE:IBM) and its former chief dealmaker David Johnson came out swinging in their first court appearance. IBM in May sued Johnson, a 27-year employee who for the last nine years was vice president of corporate development, to prevent him from taking a similar role at rival Dell Inc....
Posted on June 23, 2009 12:10 PM
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
Microsoft Corp. (NASDAQ:MFST) and Hewlett-Packard Co. (NYSE:HPQ) are investing $180 million in a four-year effort to deliver unified communication and collaboration services. The companies will work together on products that streamline communication for customers across messaging, video and voice devices. As a Gartner Inc. research note points out, UCC is one of...
Posted on May 21, 2009 2:50 PM
The hiring post should say, "We have $9 billion cash on hand!" Word on the street is Dell Inc. (NASDAQ:DELL) is looking to hire an M&A chief, but dealmakers may be wary of the Round Rock, Texas, company's M&A track record.The Wall Street Journal reported that two people briefed on...
Posted on May 6, 2009 2:22 PM
People are talking about the burgeoning data center turf wars. EMC Corp. (NYSE:EMC) chief executive Joseph Tucci said Oracle Corp.'s (NASDAQ:ORCL) $7.4 billion acquisition of Sun Microsystems Inc. (NASDAQ:JAVA) raises the stakes in the battle for control of the corporate data center market. Dow Jones noted that while EMC is...
Posted on April 24, 2009 11:17 AM
Oracle Corp. (NASDAQ:ORCL) surprised techies Monday, announcing it would acquire Sun Microsystems Inc. (NASDAQ:JAVA) for $7.4 billion in cash, a 42% premium to Sun's Friday close. The deal moves Oracle into the hardware market in a big way. ZDnet.com says Oracle has been dabbling in storage appliance with Hewlett-Packard...
Posted on April 20, 2009 8:49 AM
IBM Corp. (NYSE:IBM) and Hewlett-Packard Co. (NYSE:HPQ) have to start positioning themselves as Cisco Systems Inc. (Nasdaq:CSCO) moves in on their territory in data centers. Last week, Cisco even acquired a company to help it compete in that market. Now comes news that IBM may be boosting ties with Brocade...
Posted on April 17, 2009 4:36 PM
As expected, shares of Sun Microsystems Inc. (NASDAQ:JAVA) nosedived Monday morning on news that a proposed deal with IBM Corp. (NYSE:IBM) had collapsed. Shares were down nearly 25% midmorning. The companies haven't issued any formal statements, but some reports speculate that talks broke down, in part, because IBM refused to...
Posted on April 6, 2009 12:08 PM
Lenovo Group Ltd. chief executive Yang Yuanqing's comment Thursday that now is not the time to pursue acquisitions comes three months after it looked like a buying spree could be pending. At a press event in which he laid out Lenovo's rebound strategy, Yuanqing said opportunities to buy have receded,...
Posted on April 3, 2009 12:10 PM
One potential suitor for fraud-hit IT outsourcer Satyam Computer Services Ltd. (NYSE:SAY) has left the playing field. India's Spice Group Inc. claimed there was a lack of transparency in the bidding process; it wanted to know who else was bidding for Satyam. Spice will reconsider the decision, however, if its...
Posted on March 27, 2009 3:12 PM
Rivals claim that the technology titan is stifling competition and innovation in the mainframe market.
Posted on March 23, 2009 12:52 PM
Citing people familiar with the matter, The Wall Street Journal reported that IBM Corp. (NYSE:IBM) is in talks to acquire Santa Clara, Calif.'s Sun Microsystems Inc. (NASDAQ:JAVA) for at least $6.5 billion in cash.The two companies have a common interest in that both make computer systems for corporate customers that...
Posted on March 18, 2009 9:06 AM
Cisco Systems Inc. (NASDAQ:CSCO) 's chief technology officer, Padmasree Warrior (pictured), told the Wall Street Journal "We're going to compete with H-P. I don't want to sugarcoat that." She continued, "There is bound to be change in the landscape of who you compete with and who you partner with." The...
Posted on March 16, 2009 3:51 PM
Tech giants could start making big moves in the data center market. According to a Reuters report, on Monday Cisco Systems Inc. (NASDAQ:CSCO) will introduce computer products that will pit it against longstanding partners IBM Corp. and Hewlett-Packard Co., and could trigger a new wave of dealmaking in the tech...
Posted on March 13, 2009 3:43 PM
The Securities and Exchange Board of India, which recently eased takeover regulations, approved a majority sale of Satyam Computer Services Ltd. (NYSE:SAY), the subject of India's greatest corporate scandal. Buying into the IT outsourcer is tricky.On one hand you have an otherwise attractive company that had its $7 billion valuation...
Posted on March 6, 2009 9:04 AM
PC sales are down. Then again, so are the sales of just about everything else, so it wasn't a bolt from the blue when the world's fourth-largest PC maker, Lenovo Group Ltd., reported a quarterly loss. Though, the $97 million loss was bigger than expected, probably stemming from its $1.75 billion acquisition of IBM Corp.'s PC business. Buying Big Blue's unit made Lenovo susceptible...
Posted on February 5, 2009 10:24 AM
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