EMC spars with NetApp over Data Domain

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Nice move EMC

All and all this is good for EMC. NetApp will be in big trouble if they
lose Data Domain. It will demonstrate the NetApp's dedupe strategy is
not as good as EMC and in the long run that is bad for NetApp.

EMC has new leadership under Frank Hauck and he is moving fast to
improve EMC. The Data Domain board signed a binding agreement
with NetApp but it is waiting on shareholder approval and due
diligence. NetApp offered $25 per share with a mix of cash and
paper. EMC is cash only and requires no due diligence.

With the recent purchase of all outstanding shares by EMC, they will
have the muscle to floor a vote and fast track the offer to the
shareholders and vote down the NetApp offer. NetApp does not have
the cash for this. The venture capital people that took Data Domain
public hold most of the shares are eager to cash out and take the
profits. EMC is eager to add the revenue to the EMC 2009 numbers
and move on this powerful technology. EMC has shown with RSA and
VMware that it can purchase companies and grow them. NetApp has
failed repeatedly at doing this. This is going to be a strong victory for
EMC.

Posted by: Yukon Dave   Posted on: 06/01/09 You are currently: a Guest | Members login | Terms of Use

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