 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
EMC counters NetApp bid for Data Domain
Washington (AFP) June 1, 2009 US computer storage giant EMC Corp. offered 1.8 billion dollars on Monday for Data Domain in a bid to counter a rival offer for the data storage company from NetApp. EMC, in a statement, said it was prepared to offer 30 dollars per share in cash for Data Domain, which NetApp offered to buy on May 20 for 1.5 billion dollars or 25 dollars per share in a cash and stock deal. "EMC's all-cash proposal is superior to the proposed NetApp transaction providing Data Domain stockholders greater value and certainty," EMC said. "EMC's all-cash offer represents a 20 percent premium to the cash and stock offer made by NetApp," it said. The Massachusetts-based EMC said the acquisition of Data Domain would improve its ability to "deliver industry-leading next-generation disk-based backup and archiving solutions for customers." The Santa Clara, California-based Data Domain was founded in 2001 and employs 800 people. EMC is the world's leading information management and storage company. NetApp specializes in data management and computer storage. Data Domain shares rose by 16.51 percent to 30.70 dollars in after-hours trading in New York while EMC was down 1.77 percent at 12.20 dollars and NetApp gained 1.50 percent to 21.00 dollars. Share This Article With Planet Earth
Related Links Computer Chip Architecture, Technology and Manufacture Nano Technology News From SpaceMart.com
UBC Researchers Put A New Spin On ElectronsVancouver, BC (SPX) Apr 20, 2009 In the first demonstration of its kind, researchers at the University of British Columbia have controlled the spin of electrons using a ballistic technique--bouncing electrons through a microscopic channel of precisely constructed, two-dimensional layer of semiconductor. It's the first time the intrinsic properties of a semiconductor-not external electric or magnetic fields-have been used ... read more |
|
|
| The content herein, unless otherwise known to be public domain, are Copyright 1995-2009 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement |
del.icio.us
Digg
Reddit
YahooMyWeb
Google
Facebook