June 29, 2009
EMC extends deadline for its Data Domain bid
EMC's $1.8 billion offer is extended by 11 days in an effort to entice Data Domain to abandon a deal with NetApp
13 RecommendationsEMC has extended from June 29 to July 10 the deadline on its $1.8 billion offer to purchase all outstanding shares of storage backup vendor Data Domain, in an effort to entice Data Domain to abandon a deal with NetApp.
Data Domain, in late May, had agreed to be acquired by NetApp for $1.5 billion, but EMC made its $1.8 billion on June 1. NetApp then boosted its offer, and Data Domain said both bids are worth about $30 per share.
[ Get the latest on storage developments with InfoWorld's Technology: Storage newsletter. ]
On June 15, Data Domain's board of directors recommended that the company's shareholders reject the EMC offer, saying that backing out of the NetApp deal could leave the company without a buyer. Data Domain had not been able to negotiate with EMC with the NetApp offer on the table, and the EMC offer could still fall through, the board said.
EMC's offer remains the better one because it's an all-cash offer, not a cash and stock deal, Joe Tucci, EMC's chairman, president and CEO said in a statement. The EMC offer "delivers to Data Domain stockholders the price certainty and price protection its management team and board stated as important priorities during their negotiations with NetApp," he said in a Friday statement.
Data Domain had no further comment Monday.
Data Domain makes enterprise backup products and has been a pioneer in data deduplication, a technology for reducing capacity requirements that most storage companies are now using.
White Paper
D2D Virtual Tape Library Replication Primer
This whitepaper explains the terminology and concepts behind Data Replication technologies and establishes some sizing rules through worked examples. Learn the new paradigm in disaster tolerance—protect data anywhere.
Download now »
White Paper
An Alternative to Virtualization for Datacenter Cost Savings
Server virtualization is a popular option for dealing with mounting datacenter costs. Another equally promising approach is the use of an Application Delivery Controller. Citrix NetScaler provides a low-cost way for organizations to reduce their server count and accrue cost savings from a reduction in space, cooling, power and personnel.
Download now »
White Paper
Why Your Firewall, VPN, and IEEE 802.11i Aren't Enough to Protect Your Network
The emergence of WLANs has created a new breed of security threats to enterprise networks.
Included in HP ProCurve WLAN solutions is security technology that alleviates threats from WLANs through:
* Monitoring wireless activity inside and out of the enterprise
* Classifying WLAN transmissions into harmful and harmless
* Preventing transmissions that pose a security threat to the enterprise network
* Locating participating devices for physical remediation
White Paper
Bringing the Edge to the Data Center
Effectively address data protection challenges, implementing solutions that help store and protect business–critical data while cutting costs and improving efficiency and reliability.
Download now »
- Consolidate Your Servers and Storage to Lower Costs with Oracle Database 11g | Webcast
- No More Tiers: Reduce Storage Costs with an Age-in-Place Strategy | White Paper
- The Power/Density Paradox: The Result of High Density without Power Efficiency | White Paper
- If It’s Just a Disk…Why the Reliability Gap Between Storage Vendors? | White Paper
- Tackling the Top Five Network Access Control Challenges | White Paper
Sign up to receive InfoWorld Resource Alerts
Return on Information: Google Enterprise Search pays you back. Get the facts.Analytics: Use your data to drive insights that enable better decisions.Restrict internet access with GFI WebMonitor™. Now 30% Off! www.gfi.com/web-filterToday’s IT means business. New eBook shows you how to align your IT investments.A new level of interoperability. Make IT Work As One at novell.comLimited-time offer: Save up to $100 on Polycom phones. 64-page prescriptive guide to security, compliance, and IT operations.Learn about Foundations of Green IT, from CTO Marty Poniatowski802.11n Drives an Architectural EvolutionSee IBM CloudBurst's self-service user interface in action
Complimentary Energy Efficiency Kit - Cut Energy Costs NowSuper Multi NAS devices from LG
See how AT&T can help protect your network. Make IT Work As One at novell.comHP ProLiant G6 Servers. Perform like a superstar, Save like an accountant.HP ProLiant G6 Servers. Perform like a superstar, Save like an accountant.Unified Communications: Thoughts, Strategies and Predictions. Join the discussion.Increase UPS efficiency without sacrificing protectionIn less than 45 minutes, Palisade Systems protects your dataA smarter approach to IT is needed. That smarter approach is IBM CloudBurst.
