TITLE

Sizing Up the 'What's Next?' for EMC, Data Domain

PUB. DATE
July 2009
SOURCE
Channel Insider;7/10/2009, p1
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the acquisition of Data Domain Inc. by EMC Corp. to block its rival NetApp Inc. EMC says that it passed its rival NetApp's thunder when it entered into a definintive agreement with Data Domain in a cash tender of 33.50 dollars per share, or around 2.1 billion dollars. Meanwhile, The acquisition is expected to be neutral to EMC's non-Generally Accepted Accounting Principles (GAAP) earnings per share in year 2009 and growing to its non-GAAP earnings per share in year 2010.
ACCESSION #
43516820

 

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