Last in the AL Central, First in Data Storage Oct 9, 2009
The Indians have deployed CommVault (NASDAQ: CVLT) Simpana software, a NetApp (NASDAQ: NTAP) FAS3050 array, an Overland (NASDAQ: OVRL) NEO 4000 and an Overland REO 9000 disk to manage the team's extensive state-of-the-art video system ... A NetApp disk array was also purchased ... According to Whitney Kuszmaul, network manager for the Cleveland Indians, CommVault Simpana was selected partly due to its ability to integrate well with the rest of the Overland and NetApp gear. (EnterpriseStorageForum)
Could Brocade and NetApp Get Acquired? Oct 6, 2009
Could Brocade and NetApp Get Acquired ... Could Brocade and NetApp Get Acquired ... Brocade (NASDAQ: BRCD) and NetApp (NASDAQ: NTAP) once again found themselves at the center of takeover speculation today. (EnterpriseStorageForum)
Analyst Picks and Pans: Manitowoc, NetApp, DTS Oct 6, 2009
RBC Capital analyst Amit Daryanani said on OCt. 5 he believes NetApp's second quarter is progressing ahead of Wall Street expectations, and suspects this positive execution will flow through subsequent quarters. Daryanani believes key suppliers to NetApp (like Jabil and Xyratex) had better-than-expected shipments for their Aug quarters, and believes these suppliers expect NetApp to remain strong through at least their November quarters ... The analyst expects NetApp to exude a positive business... (BusinessWeek)
FCoE Is Ready, Is It Time to Care? Sep 30, 2009
Joel Reich, vice president and general manager of the SAN/iSAN business unit at NetApp (NASDAQ: NTAP) the company that was with native FCoE in its storage arrays points out that users need gear to support data center bridging (DCB) as well as the FCoE storage networking protocol. That includes converged network adapters () at the host, FCoE-enabled 10Gb Ethernet switches and FCoE-enabled storage at the target. (EnterpriseStorageForum)
Data Storage Startups Focus on Cost Sep 25, 2009
Co-founders Gianluca Rattazzi and Francesco Lacapra hail from high-performance vendor BlueArc, experience that will come in handy as the company goes up against other clustered offerings from the likes of HP (NYSE: HPQ), NetApp (NASDAQ: NTAP), Isilon (NASDAQ: ISLN) and a number of. Greg Schulz, senior analyst and founder of StorageIO Group, said MaxiScale "is taking a different approach addressing a different value proposition and problem. That is, instead of playing to the large sequential or... (EnterpriseStorageForum)
EMC Gives Data Domain New Replication Features Sep 24, 2009
EMC, which is keeping the Data Domain brand name after acquiring the company in a with NetApp (NASDAQ: NTAP), says the combination of high-speed inline deduplication, cross-site dedupe and simultaneous vaulting of data offsite also means faster disaster recovery times for users. Brian Babineau, senior analyst at Enterprise Strategy Group, said replication for offsite data protection was the top storage spending priority for enterprises in the firm's 2009 spending survey. (EnterpriseStorageForum)
Lockheed Martin lands $29M for new battlefield video technology Sep 23, 2009
Under the contract, a team comprised of Lockheed Martin, (NYSE: HRS) and NetApp will design and integrate a new system to manage system to give commanders better visibility into the vast amounts of real-time and archived video, which is collected from manned and unmanned aircraft and ground-based sensors. "With Valiant Angel, commanders will be able to quickly find the video they need, package it into an actionable intelligence report, and share it securely with the front-line troops who need... (New Mexico Business Weekly, NM)
Joint Forces Command harnesses TV technology to enhance battlefield ops Sep 23, 2009
NetApp will design and integrate a new system to manage the video processing, exploitation and dissemination cycle using its Data ONTAP storage architecture with up to 14 petabytes of capacity. Valiant Angel will give commanders better visibility into real-time and archived video, which is collected from manned and unmanned aircraft and ground-based sensors. (FCW.com)
Brocade Connects Data Centers, Adds FCoE Blade Sep 23, 2009
The FCoE 10-24 Blade will be available through EMC, Hitachi Data Systems, HP and NetApp (NASDAQ: NTAP). Brocade also unveiled Data Center Fabric Manager (DCFM) Professional Plus for mid-sized organizations and departments. (EnterpriseStorageForum)
Goldman Sachs raises 2010 outlook for IT spending Sep 22, 2009
In the same note, the company said it removed semiconductor equipment maker Applied Materials Inc. from its "Conviction List" and added data storage company NetApp Inc. ... 66, while NetApp shares rose 88 cents, or 3. (Atlanta Journal-Constitution -- World)
NEC, NetApp Unveil New Data Storage Wares Sep 19, 2009
NetApp (NASDAQ: NTAP) and NEC showed off new data storage systems in a week that was full of news from storage vendors. NetApp announced the new FAS2040 storage system and price reductions for its FAS2020 systems and software, which now come with high-capacity drives and multi-protocol support ... Avere Systems, a startup founded by veterans from the NetApp-acquired Spinnaker Networks, announced $15 million in Series A funding from Menlo Ventures and Norwest Venture Partners. (EnterpriseStorageForum)
Tip: 3 Key Elements to Data Archiving Sep 15, 2009
Storage hardware, from companies such as EMC, Hewlett-Packard (HP) Co., Hitachi and NetApp, receives the data to be preserved and specialized platforms handle encryption, protection, retrieval and destruction of data. Management software, from vendors like Abrevity Inc., Attenex Corp., Autonomy Corp., Clearwell Systems Inc., i365 (a Seagate Company) and Kazeon Systems Inc., provides services like search, classification and e-discovery capability. (Search Storage)
Cloud solution puts data on tap Sep 15, 2009
KUALA LUMPUR: NetApp has unveiled its latest operating system the Data Open Network Technology for Appliance Products 8 (or Data Ontap 8) ... Data Ontap 8 provides users with a platform that meets stringent cloud requirements and addresses challenges in deploying a cloud storage infrastructure, said Sathish Murthy, technology consultant at NetApp Singapore Pte Ltd. ... The cloud, as NetApp defines it, is information technology as a service. (The Star Online, Malaysia)
Who's Hot in the Data Storage Market Sep 12, 2009
For that matter, he gives high marks to IBM, too, as well as EMC, Cisco (NASDAQ: CSCO), NetApp (NASDAQ: NTAP) and Brocade (NASDAQ: BRCD). TIP also cites other hopefuls such as , ExaGrid and Fujitsu. (EnterpriseStorageForum)
Terabytes of Storage for Pennies a Gigabyte Sep 11, 2009
After pricing options from Dell (NASDAQ: DELL), Sun (NASDAQ: JAVA), NetApp (NASDAQ: NTAP), Amazon (NASDAQ: AMZN) S3 and EMC (NYSE: EMC), the company found it could build its own storage servers for a fraction of the cost ... And that's where storage vendors like EMC and NetApp begin to earn their money. (EnterpriseStorageForum)
Hitachi Moves Into Midrange NAS Sep 9, 2009
The new start at $70,000, so Hitachi isn't after the lower midrange NAS business of EMC (NYSE: EMC) and NetApp (NASDAQ: NTAP) just yet ... Fred Oh, Hitachi's senior product marketing manager for NAS, noted a "competitor" that can't yet scale beyond two nodes, a not-so-subtle jab at NetApp's new. (EnterpriseStorageForum)
IBM, NetApp Fare Best in Slumping Data Storage Market Sep 5, 2009
Of the top five external storage vendors by market share, IBM (NYSE: IBM) and NetApp (NASDAQ: NTAP) fared best, with year-over-year sales declines of 8 percent each ... 8 percent and NetApp at 8 ... 7 percent market share, followed by NetApp with 26. (EnterpriseStorageForum)
EMC, HP Protect VMware Environments Sep 2, 2009
EMC (NYSE: EMC), HP (NYSE: HPQ), Hitachi Data Systems (HDS), Brocade (NASDAQ: BRCD), FalconStor (NASDAQ: FALC), Dell (NASDAQ: DELL) and NetApp (NASDAQ: NTAP) are just some of the data storage companies planning product announcements at this week's VMworld conference ... Dell is expected to expand its switch relationship with Brocade, and NetApp said it is " and services to a new NetApp customer to further prove NetApp's efficiency in VMware environments.". (EnterpriseStorageForum)
Dell Turns to Brocade for Fibre Channel over Ethernet Sep 2, 2009
That would appear to make Dell a natural for FCoE, but the company has yet to announce native support for FCoE in its arrays, as NetApp (NASDAQ: NTAP). Larry Hart, Dell's worldwide senior manager for storage and networking, said FCoE isn't quite ready for wide-scale deployment yet, but he added, "Dell is a proponent of FCoE. We believe that Ethernet is going to become the data center fabric of the future.". (EnterpriseStorageForum)
Read 'Cost of Freedom' recap Sep 1, 2009
Charles Payne: NetApp (). Leigh Gallagher: Becton, Dickinson (). (Fox News)
IBM Turns to LSI for Midrange Storage Aug 27, 2009
NetApp (NASDAQ: NTAP) currently has a NAS relationship with IBM.. Asked if IBM could offer LSI's new NAS systems, a Big Blue spokesperson replied, "IBM is pleased with its long-standing relationship with LSI, but the company doesn't comment on market speculation.". (EnterpriseStorageForum)
EMC, NetApp Embrace Virtual Data Centers Aug 26, 2009
Data storage rivals EMC (NYSE: EMC) and NetApp (NASDAQ: NTAP) today rolled out new storage technologies for virtual and cloud environments. NetApp unveiled its long-awaited Data ONTAP 8 ... NetApp's Data ONTAP 8. (EnterpriseStorageForum)
Indexes Bounce Back On Lighter Trade Aug 20, 2009
Earnings Wednesday: Deere & Co. (), BJ's Wholesale Club (), Citi Trends (), Gymboree (), NetApp () and PetSmart (). 4:15 p.m. Update: Stocks Rebound, Close Near Highs. (Investors Business Daily)
NetApp Shares Drop on CEO Change, Lack of Outlook Aug 20, 2009
LOS ANGELES (Reuters) - Data storage equipment maker NetApp Inc reported a quarterly profit that topped Wall Street estimates, but shares fell in extended trade as the company named a new chief executive and failed to forecast results for the current quarter. NetApp said President and Chief Operating Officer Tom Georgens, 49, would succeed Dan Warmenhoven, 58, as chief executive, effective immediately ... The shift comes after NetApp lost a high-profile bidding war for specialty data storage... (ABC News -- Wire)
Archiving data to cloud storage: How to choose the right cloud storage provider Aug 20, 2009
But if you're migrating data from an existing archival storage solution -- such as an EMC Corp. Centera, NetApp Inc. SnapLock or Permabit Technology Corp. Enterprise Archive -- to cloud storage, it isn't just a simple copy-and-paste operation. "There are lots of 'gotchas' when migrating archival data," said Joe Kvidera, founder of Procedo Inc., a data archive migration company. (Search Storage)
NetApp Q1 profit up, COO moves to top spot Aug 20, 2009
NetApp boosts Q1 profit, COO steps into top spot - Silicon Valley / San Jose Business Journal ... NetApp boosts Q1 profit, COO steps into top spot ... The company also said Tom Georgens, NetApp's COO and president, will succeed CEO Dan Warmenhoven in a planned management succession process. (San Jose Business Journal, CA)
NetApp Beats the Street, Names New CEO Aug 20, 2009
A little more than a month after losing a to EMC (NYSE: EMC), NetApp (NASDAQ: NTAP) today named a new CEO and the data storage company also released better-than-expected quarterly results. NetApp said Tom Georgens will become its new president and CEO, while Dan Warmenhoven, who had served as chief executive for the last 15 years, will remain as chairman of the board ... NetApp also posted better-than-expected earnings of $0. (EnterpriseStorageForum)
HP Sees Opportunity in Data Deduplication Aug 14, 2009
HP (NYSE: HPQ) sees the between EMC (NYSE: EMC) and NetApp (NASDAQ: NTAP) for Data Domain as evidence of the potential of and the company says it's ready to do battle. "The size of the deal and the bidding between EMC and NetApp was a testament to the size of the market opportunity," said Kyle Fitze, HP's marketing director for Storage Platforms. (EnterpriseStorageForum)
NetApp Offers First FCoE-based Storage Arrays Aug 13, 2009
NetApp today became the first data storage vendor to offer native Fibre Channel over Ethernet () connectivity in its storage systems with the addition of QLogic's Converged Network Adapter () into its FAS and V-Series devices. NetApp (NASDAQ: NTAP) sees as a way for users to build out Ethernet infrastructures while preserving their FC investments and the company sees itself as well-positioned for the trend with its IP-based storage pedigree ... NetApp and its FCoE partners a list that also... (EnterpriseStorageForum)
NetApp First to Market with FCoE Storage Arrays Aug 12, 2009
NetApp (NASDAQ: NTAP) today became the first data storage vendor to offer native connectivity in its storage systems with the addition of QLogic (NASDAQ: QLGC) into its FAS and V-Series devices. NetApp sees Fibre Channel over Ethernet as a way for users to build out Ethernet infrastructures while preserving their FC investments and the company sees itself as well-positioned for the trend with its IP-based storage pedigree ... NetApp and its FCoE partners a list that also includes Brocade... (EnterpriseStorageForum)
EMC, Cisco and VMware to Release Joint Data Center Product Aug 11, 2009
EMC competitor NetApp (NASDAQ: NTAP) is also working on a vision with Cisco and vendors, the company this week. Follow Enterprise Storage Forum on. (EnterpriseStorageForum)
Analysts Expect Good Things from NetApp Aug 7, 2009
NetApp (NASDAQ: NTAP) appears to be weathering the IT spending slump better than most data storage vendors, according to a couple of analyst reports this week. NetApp, which will report its quarterly results on Aug. 19, is expected to post a 5 percent sales decline for its July quarter that's less than half the revenue decline that industry leader EMC (NYSE: EMC) for the second quarter that ended in June ... Analysts expect a 6 percent decline in NetApp's October quarter before business begins... (EnterpriseStorageForum)
Buttering Up Linux File Systems Aug 6, 2009
Quantum (NYSE: QTM), Panasas, IBM (NYSE: HPQ), HP (NYSE: HPQ), NetApp (NASDAQ: NTAP) and Red Hat (NYSE: RHT) have all boosted their file system development efforts. And NFS is getting a major overhaul in the form of. (EnterpriseStorageForum)
How Telemarketers Are Bad for Busin... Aug 6, 2009
"Too many IT vendors still get it wrong when it comes to things that customers value," said Robert Hamilton, product marketing director at Symantec and a marketing veteran at HP and NetApp. "When your outreach is guided by what a piece of technology can do, rather than why a specific customer would need it, you're bound to be misguided.". (Suite101.com)
STEC's Growth May Continue to Surprise Aug 5, 2009
STEC claims to be working with every major storage OEM, so it is likely the company could be in talks with others like NetApp (NASDAQ: NTAP), Dell (NASDAQ: DELL) and NEC. Dell is an EMC partner and also boasts an SSD deal with Samsung (see ). STEC expects to sell $200 million of its ZeusIOPS enterprise SSDs this year. (EnterpriseStorageForum)
Cranberry office park draws $90M Aug 1, 2009
Cranberry Woods remaining property is fully leased, said Matt, with major tenants including Westinghouse, , NetApp and McKesson taking up 80 percent of the occupancy there. Matt described a sale of dovetailing interests. (Pittsburgh Business Times, PA)
Quantum Prepares for Life After EMC Aug 1, 2009
CFO Jon Gacek said the six-week bidding war between EMC and NetApp (NASDAQ: NTAP) for Data Domain hurt sales in the quarter. "EMC's bid for Data Domain and some of the misperceptions this created about Quantum had an impact in Q1, as both license revenue and branded revenue were down sequentially," he said. (EnterpriseStorageForum)
Network Storage Aug 1, 2009
com Article Published July 23, 2009 LSI's move into the NAS market could mean trouble for the IBM-NetApp partnership ... com Article Published July 17, 2009 The acquisition of the file serving specialist means that HP won't be making a play for NetApp anytime soon, according to analysts. (LinuxPlanet)
LSI Reveals More of NAS Plans Jul 31, 2009
IBM OEMs LSI's midrange arrays and also resells NetApp (NASDAQ: NTAP) NAS gear, raising some interesting competitive possibilities. LSI CEO Abhi Talwalkar said on last night's call that the deal will "enable us to address the rapidly growing space of unstructured data such as e-mail, Web applications, archiving, video streaming as well as numerous software-as-a-service applications. NAS is a three-plus billion-dollar market with attractive forecasted growth rates. With ONStor, we will be in a... (EnterpriseStorageForum)
HP's Ibrix Buy Cools NetApp Speculation Jul 30, 2009
HP announced this morning that it will acquire clustered file storage specialist and long-time partner Ibrix in a move that analysts said could reduce some of the takeover speculation surrounding NetApp (NASDAQ: NTAP) ... Avian Securities analyst Matthew Bryson said the news means that HP is unlikely to make a play for NetApp (NASDAQ: NTAP) ... Stifel Nicolaus analyst Aaron Rakers agreed that the move "could be viewed as a factor that lifts some sentiment that HP would look to potentially... (EnterpriseStorageForum)
IBM Uses Replication, Dedupe to Cut Data Recovery Costs Jul 30, 2009
IBM's announcement follows similar moves by the likes of Data Domain now part of EMC (NYSE: EMC) after a six-week bidding war with NetApp (NASDAQ: NTAP) and Sepaton (see and ). Eliminating duplicate data before replication can save on bandwidth costs and time, making native replication an increasingly important feature of data deduplication systems, but IBM ProtecTier offering manager Victor Nemechek said the biggest benefit of combining the two technologies is improved recovery time. (EnterpriseStorageForum)
IBM buys software maker SPSS in $1.2B deal Jul 29, 2009
EMC had been in a fierce bidding contest with rival NetApp Inc. for control of Data Domain. Also in msnbc. (MSNBC -- Business)
What's Next for EMC, NetApp and Quantum? Jul 25, 2009
What's Next for EMC, NetApp and Quantum ... What's Next for EMC, NetApp and Quantum ... NetApp (NASDAQ: NTAP), which lost out to EMC in the bidding war, must decide whether to fill out its product portfolio with another acquisition. (EnterpriseStorageForum)
EMC Sees Stabilization as Data Domain Merger Closes Jul 24, 2009
Data Domain's sales were up a better than expected 40 percent to nearly $86 million in the quarter, showing why the company was so coveted by EMC and rival NetApp (NASDAQ: NTAP). EMC won the right to acquire the data specialist after a six-week bidding war (see ). (EnterpriseStorageForum)
Earnings Roundup Jul 24, 2009
-based Data Domain Inc. after a two-month bidding war with NetApp Inc., gaining technology that lets customers use less disk space when storing information. EMC said it expected the $2. (Boston Globe)
LSI-ONStor Merger Bad News for NetApp? Jul 24, 2009
LSI-ONStor Merger Bad News for NetApp ... LSI-ONStor Merger Bad News for NetApp ... LSI (NYSE: LSI) has acquired vendor ONStor, a move that could give NetApp (NASDAQ: NTAP) some competition with NAS partner IBM (NYSE: IBM). (EnterpriseStorageForum)
IBM to Resell Cisco, Brocade FCoE Switches Jul 23, 2009
Others reselling the Nexus 5000 include EMC (NYSE: EMC), NetApp (NASDAQ: NTAP) and Dell (NASDAQ: DELL). Big Blue said in a statement that FCoE promises "faster networking performance and offers customers the potential to simplify their data center infrastructure and lower both capital and operational expenses via the consolidation of multiple data traffic flows over a shared network.". (EnterpriseStorageForum)
EMC acquires control of Data Domain Jul 21, 2009
the Hopkinton-based data storage company, has acquired a majority stake in Data Domain Inc., the company it won earlier this month after a heated bidding war with NetApp Inc. EMC said Data Domain will be a unit within EMC when the acquisition is completed this month. Frank Slootman, Data Domain s CEO, will lead the division, focusing on technology that cuts duplicate information in storage systems. (Boston Globe)
Data Domain Boosts High-end Dedupe as EMC Merger Nears Jul 21, 2009
As part of its briefings on the new offering, Data Domain released data showing that the DD880 performs inline deduplication faster than inline or post-processing dedupe solutions from the likes of NetApp (NASDAQ: NTAP), Quantum (NYSE: QTM), Sun (NASDAQ: JAVA), HP (NYSE: HPQ) and IBM (NYSE: IBM). Enterprise Strategy Group senior analyst Brian Babineau said the DD880 "clearly proves that inline deduplication can be highly competitive in speed, even when compared to VTLs and other disk-based... (EnterpriseStorageForum)
Inside Wall Street Jul 17, 2009
1 billion after outbidding NetApp (). "Storage is still a growth industry, and this deal signals more consolidation ahead," says Chris Haroun, CEO of Haroun Capital Management, which owns shares. (BusinessWeek)
5 Cut IT Spending in Five Ways Jul 16, 2009
To replace that device, you can also use the Linux distribution, which supports everything a NetApp does. HA redundancy: "check.". (Datamation)
How Experience Helped EMC Win Data Domain Jul 16, 2009
In contrast, NetApp (NASDAQ: NTAP), the company EMC bested in the for Data Domain (NASDAQ: DDUP), has done just five since 1997. Acquisitions are difficult and require a unique skill set to succeed. (EnterpriseStorageForum)
* Dell expects lower margins Jul 15, 2009
ON THE HUNT: Dell is reportedly looking for acquisition targets, which could include Acer, Palm and NetApp as well as Computer Sciences, to diversify its revenue base REUTERS , AUSTIN, TEXAS Wednesday, Jul 15, 2009, Page 10 ... Potential targets include Acer, smartphone maker Palm Inc, storage equipment company NetApp Inc and infrastructure software maker Citrix Systems. (Taipei Times, Taiwan -- World Business)
EMC's Next Sales Job: Data Domain Employees Jul 14, 2009
After a six-week battle in which it became clear that Data Domain EMC rival NetApp (NASDAQ: NTAP), EMC CEO Joe Tucci and Data Domain CEO Frank Slootman have begun the process of reassuring Data Domain employees about their new employer ... In the case of Data Domain, Roy said he thinks employees "didn't really care much if they became part of EMC or NetApp. They also don't care much if EMC is headquartered in the East Coast. I believe Data Domain employees are excited to be part of the... (EnterpriseStorageForum)
EnterpriseStorageForum Jul 12, 2009
So what's next for Quantum and NetApp ... com Article Published July 6, 2009 EMC's latest offer for Data Domain puts rival NetApp in a tough spot ... Updated: NetApp weighs next steps. (IntranetJournal)
Goldman Boosts Dell, Cuts IBM Jul 11, 2009
Bailey also said he now rates shares of EMC Corp. () and NetApp Inc. () neutral ... 85, as NetApp shares dipped 1 cent to $19. (BusinessWeek)
EMC lands Data Domain with $2.1B all-cash offer Jul 10, 2009
9 billion stock-and-cash proposal previously put forth by NetApps ... According to officials, EMC also made clear its ability and willingness to close the transaction within two weeks, nearly a a month faster than the NetApp proposal ... The back-and-forth bidding started roughly a month ago when EMC chairman, president and CEO Joseph Tucci sent a letter to Data Domain president and CEO Frank Slootman expressing disappointment at not receiving early notice of a possible sale to NetApps. (Boston Business Journal, MA)
EMC Raises Bid for Data Domain as FTC Clears Merger Jul 10, 2009
Updated: NetApp weighs next steps ... " "Data Domain does not have any justification for continuing deal protection provisions for NetApp or any other party given our willingness to proceed without them," EMC CEO Joe Tucci wrote in a letter to Data Domain. "It was questionable agreeing to deal protections in your initial agreement with NetApp, when you knew of our interest in acquiring the company ... " Data Domain's apparent preference for NetApp in the merger negotiations has created for the... (EnterpriseStorageForum)
Fortinet Appoints M.Tech as New Distributor for Vietnam Jul 10, 2009
Our product portfolio includes market leading products such as Allot, Armorize, Blue Coat, Bluesocket, Brocade, Check Point, Citrix, Fortinet, Imperva, LANDesk, LifeSize, Lumension, nCipher, NetApp, PGP, Proofpoint, Riverbed, RSA, SolarWinds, TippingPoint and Trend Micro. M.Tech is also an authorized training centre for Nokia, Check Point, Blue Coat, TippingPoint, RSA and EC Council courses. (PR Newswire)
Mini Climb for Stocks; First Gains Jul 10, 2009
EMC (EMC) beat out rival NetApp (NTAP) in the bidding war for storage technology company Data Domain (DDUP) with a $2 ... The war ended Wednesday when NetApp withdrew its earlier $1. (Fox News)
EMC Wins Fight for Data Domain as NetApp Drops Out Jul 9, 2009
BOSTON (Reuters) - EMC Corp won the bidding war for specialty data storage technology company Data Domain Inc on Wednesday as rival NetApp Inc pulled out, saying it would not match EMC's $2 ... Data Domain, which previously resisted EMC's overtures, said it severed an agreement to sell itself to NetApp for $1 ... NetApp shares had the sharpest response to the news, rising 4 percent to $19. (ABC News -- Wire)
EMC to Acquire Data Domain Jul 9, 2009
EMC also announced today that the condition to its tender offer related to the termination of the NetApp merger agreement has been satisfied. The acquisition is expected to be neutral to EMC's non-GAAP earnings per share in its fiscal year 2009 and accretive to its non-GAAP earnings per share in fiscal year 2010. (PR Newswire)
EMC Takes Data Domain Prize from NetApp Jul 9, 2009
EMC (NYSE: EMC) has bested rival NetApp (NASDAQ: NTAP) in the bidding war for Data Domain (NASDAQ: DDUP). NetApp announced late today that it "will not revise its proposal to acquire Data Domain in the wake of EMC's higher unsolicited offer, and that NetApp and Data Domain have terminated their merger agreement." ... Following NetApp's announcement, Data Domain said in a statement that it has "entered into a definitive merger agreement with EMC" and canceled the Aug. 14 shareholder vote on the... (EnterpriseStorageForum)
Wall Street mixed in hesitant trade Jul 9, 2009
1 billion dollars, topping a bid from NetApp, which gained 1. 66 percent to 18. (Yahoo News -- Press Releases)
NetApp Clears Hurdle in Data Domain Buy Jul 7, 2009
Even as rival bidder EMC sweetens its bid, NetApp moves closer to clinching its acquisition, NetworkWorld reports ... EMC and NetApp have been locked in a bidding war for Data Domain, a de-duplication and backup vendor, for more than a month ... NetApp and Data Domain appear to be heading toward a $1. (BusinessWeek)
