Next week, hundreds of high-tech’s most geekiest participants will flock to San Francisco for the Intel Developer Forum, better known as IDF. But one of their most prominent cheerleaders will not be there.
Patrick Gelsinger, a senior vice president who also served in the past as Intel’s chief technology officer, says he will then be in Hopkinton, Mass., starting his new job at data storage giant EMC.
EMC on Friday extended the period Data Domain has to respond to its $30 all-cash offer to acquire the company. The offer, which was previously set to expire at 12 midnight on Monday, June 29, is now extended to July 10.
Tech companies buy their neighbors much more often than they acquire companies elsewhere, according to a study of tech acquisitions since 2002.
The conclusion isn’t shocking. There are a number of reasons why a buyer would be more familiar with companies based nearby. They’re more likely to share investors, have employees who worked for both companies, or maybe the CEOs belong to the same golf club.
Until three weeks ago, few people outside corporate data centers knew much about deduplication technology, which makes data storage more efficient by culling repetitive documents. That changed when data storage companies NetApp and EMC got into a bidding war last month for a leading provider of the heretofore obscure software.
“Like the physical universe, the digital universe is expanding. In fact, exploding,” says John Gantz, a researcher for IDC.
For the last three years, Mr. Gantz has been commissioned by storage provider EMC to count the number of bits created each year. And each year he reports that IDC previously underestimated the explosion of information.
Yesterday afternoon, I posted a list of how some of the most prominent stocks fared in Wednesday’s mammoth selloff.
Given today’s equally dramatic rally, I thought the list deserved an update–I’ve added just one stock, Microsoft (MSFT), which I inexplicably forgot to include yesterday.
Cisco Systems (CSCO) CEO John Chambers said in an interview on CNBC that the company is not currently in any negotiations for a large acquisition, Reuters reports. The comment came in response to a question about whether the company might be in talks to acquire enterprise storage giant EMC (EMC).
If you are a believer in efficient markets, every now and then a hot tech stock comes along that pushes your conviction to its limits.
VMware was bought for $625 million by EMC in 2004, went public in 2007 and soon hit a market cap of $48 billion. It currently trades at about a quarter of that value.
Even the hottest stock can’t defy gravity indefinitely. Or can it?
This is a section of the All Things Digital Web site featuring posts from around the Web, from other Dow Jones properties and also original pieces we solicit. The section is now explicitly labeled that it comes "from other Web sites."
We are fully aware of the controversies around how linking and aggregating is done on the Web and we, in no way, are attempting to "scrape" original content created by others. Instead, regarding third-party posts, we are trying to point readers of this site to other posts from around the Web that we admire and are trying to do so in the quickest manner possible.
The Internet is full of terrific content that is not ours and we want to help our readers find it by making editorial suggestions--Look, Mom, no algorithm!--of posts we think are worth their time.
That is why we have made even more changes to Voices to ensure we do this in the most transparent and timely way. While we don't expect that everyone will agree with our policies, we have made changes that reflect our intent in pointing to content outside our site.
So here is exactly what we do: Read more »
Because the site is wholly owned by Dow Jones, publisher of The Wall Street Journal, we aim to adhere to the journalistic standards of the best of the mainstream media. But, because it is run autonomously as a small online startup, we aim to exhibit the fresh thinking and nimbleness of the best of the new media. We want to be first, and sassy, but also well sourced and accurate. We will offer lots of opinion and analysis, but plenty of fact as well.
D is unlike any other executive conference. Since its debut in 2003, D has brought to life the energy and excitement of the digital revolution in an unscripted, upfront and unparalleled way. Read more »
Don't miss a post! Sign up for our Daily Email and get AllThingsD.com delivered each day.
Get columns, blogs and video from D and All Things Digital on your iPhone. Download now »
