Posts tagged “EMC”
Wall Street analysts and journalists are having a field day with reports that EMC is looking for a merger partner. One analyst says a Cisco-EMC marriage makes sense with VMware as a wedding gift. EMC owns 80 percent of Vmware. Meanwhile, Forbes says an EMC-HP deal "would have been a disaster."
EMC, one of the largest manufacturers of data storage products which has a major presence in the Triangle area, is mulling merger and other options, according to The Wall Street Journal. A UK tech news site says a merger with HP with Meg Whitman leading the combined company is a possibility.
In the latest Bulldog wrapup of technology and life science news: Red Hat unveils new cloud product; Heat Biologics lands $7.5 million in financing from Square 1; VMware targets cloud; Tivo's new recorder for "cord-cutters."
Analysis: EMC, which operates multiple facilities in the Triangle, is making progress with its targeted growth initiatives, says Krista Macomber of Technology Business Research. But what must it do to ensure long-term success?
Storage device maker EMC, which has major facilities in the Triangle area and is a working with Lenovo in a joint venture targeting servers, is planning to cut some 1,000 jobs. However, the company didn't specify where jobs would be cut and says it plans to end the year with the same or slightly more workers.
BlackBerry returns to keyboards; $50M in biz for PowerSecure; Twitter stock tumbles; Apple's latest buy; Nortel patents sold; LenovoEMC's new server
Our Bulldog blog wrapup of the latest technology news: BlackBerry is returning to its keyboard roots; PowerSecure books $50M in new business; Morgan Stanley says sell Twitter shares; Apple buys photo app startup; a group of Nortel patents is sold; LenovoEMC unveil a new server targeting smaller businesses.
Starting Nov. 15, Pivotal will help businesses create web-based applications that can be moved from in-house data centers to cloud servers run by Amazon.com, VMware and OpenStack, the open-source project founded by Rackspace Hosting.
"Despite our disappointment with our quarterly results, our confidence in the success of our strategy over the long term has never been stronger," says Chairman and CEO Joe Tucci.
Cisco's latest acquisition announced this week - a $415 million deal for Whiptail - could have some unintended consequences. While bolstering Cisco's product lineup, the Whiptail deal also threatens its relationship with EMC and NetApp. All three firms have a big presence in the Triangle.
When it comes ti keeping profits away from the U.S. Taxman, Cisco and Apple take most of the criticism. But a Bloomberg analysis finds that IBM, which recently laid off thousands of North American workers, and Microsoft are actually keeping the most profits offshore.
Several high-tech and life science firms based in North Carolina or who have a large presence here crack the "Best Multinationals" to work for list in Europe. But several of them also drop somewhat from the 2012 list.