"It's really hard to justify the numbers for either [NetApp or EMC]," Duplessie said. "That number [Data Domain's revenue] is going to have to go from $300 million to $2 billion to pay for itself. And that's not going to be easy. I don't think there's a long window here. This isn't like EMC buying VMware, where there are no competitors and the market is clamoring for a solution."
The bidding war between EMC and NetApp could come down to which corporate culture will best matches that of Data Domain. Right now it appears that Data Domain, which has refused to comment about the battle between storage rivals, loves NetApp.
And indeed, few believe at this point, particularly after EMC yesterday reaffirmed its initial $30-per-share bid for Data Domain, will come back with another bid. Even if they don't, the damage has been done -- as they say in baseball -- and EMC is already the clear strategic winner.