EMC stock rises on Oracle buyout rumour
Speculation that Oracle might buy EMC pushed EMC's stock price up about 5 percent on Thursday, even as several analysts called such an acquisition unlikely.
Speculation that Oracle might buy EMC pushed EMC's stock price up about 5 percent on Thursday, even as several analysts called such an acquisition unlikely.
EMC has announced a new mid-range Data Domain deduplication appliance.
EMC's agreement to buy Greenplum adds a key component to the company's strategy to boost its business intelligence and data analytics business.
EMC's announcement this week of plans to purchase data warehousing vendor Greenplum represents a harbinger of things to come for that market, as well as related areas like BI (business intelligence) and data integration, according to some analysts.
EMC plans to acquire Greenplum for an undisclosed sum and form a new division around the privately held company's data warehousing technology.
EMC plans to shut down its Atmos Online cloud storage service immediately, according to a posting on its website.
Oracle on Tuesday is unveiling Enterprise Content Management Suite 11g, a pillar of its sprawling middleware stack and competitor to products from IBM, EMC, Open Text and other vendors.
The U.S. Department of Justice has announced that EMC has paid US$87.5 million to settle allegations that it violated the federal Anti-kickback Act by giving kickbacks to consultants and overcharging for hardware and software.
Brian Gallagher, president of EMC 's Symmetrix and Virtualisation Product Group, sat down with Computerworld US at EMC's annual user conference, EMC World, held in Boston earlier this month, to talk about the company's new VPLEX synchronous data replication product . Gallagher explained what differentiates it from rival products and EMC's existing offerings, such as Symmetric Remote Data Facility [SRDF] replication technology and Invista storage virtualisation software.
EMC has announced, at its annual EMC World user conference in Boston this week, a private-cloud appliance that allows synchronous replication between storage arrays up to 100km apart.
EMC has reported first quarter revenue of $US3.9 billion, along with profits of $373 million, up 92% from the year-ago period.
Bay of Plenty Polytechnic has ditched an EMC storage area network (SAN) and Cisco network switch in favour of Hewlett-Packard systems, as part of a major overhaul of its IT infrastructure.
EMC CEO Joe Tucci was awarded a compensation package valued at US$9 million in 2009, according to documents filed last week with the US Securities and Exchange Commission.
US-based Mozy, which is owned by EMC, claims that more than 50,000 businesses use its MozyPro service, including accounting firms, banks and the University of San Francisco, in addition to over a million consumers.
EMC has announced an upgrade to the management software on its Celerra network-attached storage (NAS) arrays that will allow administrators to apply deduplication, thin provisioning and business continuity tools to data stored in VMware environments.