Tag Archives: Joe Tucci

EMC Outbids NetApp For Data Domain With $1.8 Billion Cash Offer

Posted on June 1, 2009 by Amit Chowdhry

emc-logodata-domain-logo
EMC Corporation is one of the biggest server storage companies in the world with a market cap of about $25 billion.  Data Domain offers similar services but at a much smaller scale.  Last week NetApp made a bid to buy out Data Domain for $1.5 billion in cash and stock.  EMC one upped NetApp by offering $1.8 billion in cash today.

Data Domain’s stock is trading at about $26.35, giving the company a market cap of $1.61 billion.  EMC made a bid for Data Domain after the stock market closed.  After the bid announcement, Data Domain’s stock price surged to above $30 during after hours trading.

“Strategically, this combination will further enhance our ability to broaden EMC’s best-in-class storage portfolio for the benefit of EMC and Data Domain customers and this, in turn, will accelerate EMC’s top- and bottom-line growth rates,” stated EMC CEO, Joe Tucci. “Our substantially superior proposal is a win-win for both companies.”

NetApp is a smaller company than EMC.  NetApp’s market cap is about $6.84 billion.

[via DealBook]

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VMware Launches vSphere “Cloud Operating System”

Posted on April 22, 2009 by Amit Chowdhry


Earlier this week VMware launched the vSphere “cloud operating system.” The new service attracted the likes of Michael Dell (Dell Inc. CEO), John Chambers (Cisco Systems CEO), Joe Tucci (EMC CEO), and Pat Gelsinger (Intel SVP) to the announcement meeting. Cisco was one of the first companies to work with VMware on the data center expansion. Intel has been a VMware partner for quite some time. And Dell plans to switch to get into the virtualized computing environment.

In conjunction with the launch of vSphere, EMC has launched a path management system software called PowerPath/VE. PowerPath is a software that finds the most optimal I/O path for data traveling through applications and storage resources.

vSphere is able to manage 64 processor cores in one server. VMware’s last system could support only 32 cores. Every day cloud computing is expanding and keeps pushing the limit.

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