WRAL Tech Wire

EMC plans $1B stock buyback after earnings, revenue miss

EMC reports a drop in profits and also misses Wall Street analysts' expectations on revenue. The storage technology giant also announces it is buying back $1 billion in shares.

 Lenovo, EMC formally launch joint venture focusing on servers

Lenovo and EMC are formally doing business together as their joint venture focusing on services that was announced last summer is officially underway.

 EMC's CEO admits deal puts pressure on its alliance with Cisco

The partnership between two tech giants, each with a major presence in Research Triangle Park, is strained due to a recent acquisition made by VMWare.

 EMC profit misses estimates, cuts sales forecast

EMC, the world's biggest maker of storage computers and which has a major presence in the Triangle, cut its sales forecast for the year and posted earnings that missed estimates as a weak economy prompted corporate customers to curb spending.

 iPhone launch date; new $300 Lenovo tablet; IBM solar advance; EMC eyes deal

Inside the Bulldog Blog: AT&T reportedly is gearing for Sept. 21 launch of iPhone; a new Lenovo tablet shows up at Best Buy for $300; IBM reports a solar power breakthrough; EMC eyes acquisition.

  Lenovo vs. iPhone; NetApp jobs; Cisco future; EMC vs. Cisco

Inside the Bulldog Blog: Lenovo gains in China smartphone market; NetAdd adds jobs; John Chambers ponders Cisco future; EMC and Cisco becoming rivals.

 NetApp earnings reflect intensifying battle with EMC

Analysis: NetApp is under growing pressure from EMC as the firms, which both have growing presence in the Research Triangle,, battle for data storage clients.

NetApp touts innovation on its website

 Lenovo, EMC form joint venture targeting servers

The world's No. 2 PC maker will own 51 percent of the joint effort and also will resell EMC hardware. EMC ends a similar agreement with Dell as part of the deal.

EMC operates several facilities in the Triangle area

 VMware buys Nicira for $1.26B adding network software

The California software company makes a move on Monday to help networks run more efficiently while broadening its appeal to companies seeking to reduce hardware costs.

 Cisco-EMC joint venture VCE names Cisco vet as CEO

Virtual Computing Environment, which is expanding in RTP with some 50 new jobs, picks Praveen Akkiraju as its chief executive officer.

 EMC president takes over as CEO at VMware

The move puts Pat Gelsinger, who is also chief operating officer for information infrastructure products at EMC, in charge of the world's largest maker of so-called virtualization software, which can cut costs by consolidating different systems on a single server computer.

 RTP area tech stocks hit hard by economic news

Red Hat, IBM, NetApp, Cree, EMC, Citrix shares take hits after latest unemployment news and warnings emerge about European economies. Cisco shares fall the least.

 EMC acquires Israeli flash-storage company

EMC Corporation announced on Thursday that is has acquired privately-held XtremIO in cash.

 Analysis: EMC's first quarter shows promise for 2012

EMC Corporation will achieve financial objectives into 2014 by continuing to adapt its portfolio to an evolving market and expanding its roster of partners, according to Technology Business Research.

 Dell acquires network, security data firm

SonicWALL has more than 130 patents, registered and pending, and develops its own security products. More than 300,000 customers use SonicWALL products, including firewalls and secure remote access, along with email security, backup and recovery.

 IBM tops $200; EMC gains, NetApp loses market share; Facebook Messenger; Epic's license deal; Yahoo cuts

The Bulldog blog: IBM shares topped $20 on Monday; NetApp is losing and EMC is gaining storage market share; Facebook's Messenger is official; site license deal for Epic; Yahoo expected to make big job cuts.

 US approves Google deal, Nortel patent sale, Novell patent deal

The Justice Department signs off on Google's buy of Motorola Mobility as well as patents sold by Nortel and Novell to separate groups that include Apple.

 Red Hat, IBM, EMC, Cisco join 'cloud' open standards group

The Topology and Orchestration Specification for Cloud Applications is intended to ensure portability of cloud services. But will the effort pay off without some key players such as Amazon and Microsoft?

Cloud computing

 Triangle poised for growth in high-tech, report says

A national real estate consulting firm's analysis puts the Raleigh-Durham solidly among areas to benefit from growth in high-tech services.

 NetApp gearing up to fight EMC, eyes acquisitions

Both data storage technology firms have a major presence in the Triangle area. NetApp is reportedly looking at acquisitions to regain lost ground in its battle with EMC. NetApp also has been the subject of takeover rumors.

NetApp's main building in RTP