July 9, 2009 |
A bidding war over data storage company Data Domain is over, with EMC emerging as the victor. Data Domain Inc. said it had agreed to be acquired by EMC Corp. for $33.50 a share in cash, about $2.1 billion. The company ended its agreement to be acquired by NetApp Inc. and paid a $57-million breakup fee. NetApp said it had decided not to revise its buyout offer of $30 a share in cash and stock for Data Domain.
January 2, 1989
List includes only common stocks and reflects stock splits and dividends. Not included are stocks whose 1988 closing price was below $2. Close ($) Yr. to date Stock Dec. 30, '88 % change Wedgestone Financial 2.75 -75.8 Western S&L Assoc. 2.375 -74.0 Thortec International 3.75 -67.0 Wyse Technology 7.25 -66.9 EMC Corp. 5.375 -65.9 Cont'l Information 2.125 -65.3 Genentech 16.0 -61.9 Raytech 2.875 -59.6 Kaneb Energy 3.125 -57.6 Equitec Financial Grp 2.625 -54.
April 30, 2002 |
EMC Corp., which became the world's dominant data-storage firm selling pricey refrigerator-sized machines, unveiled a low-cost product designed for storing archived digital information such as X-rays, canceled bank checks and corporate e-mail. EMC's Centera product is being launched as the market for high-end data storage has turned into a vicious price war.
October 18, 2001 |
EMC Corp., maker of data-storage systems, reported its first quarterly loss in a dozen years as it took an $825-million restructuring charge and warned it did not expect to turn a profit until the second half of next year. The company also said it would increase the number of job cuts it plans this year to 4,000 from the more than 2,000 announced in September. EMC posted a third-quarter net loss of $945.2 million, or 43 cents a share, reversing year-earlier net income of $458.
August 9, 2002 |
Emulex Corp., a maker of computer circuit cards, had a smaller fourth-quarter loss as new products helped boost sales 20%. The Costa Mesa company's net loss narrowed to $11.4 million, or 14 cents a share, from $31.3 million, or 38 cents, a year ago, as sales grew 20% to $70.2 million. Emulex customers such as EMC Corp., the world's largest maker of computer data-storage systems, and IBM Corp. have said demand for their products is rising slightly as the economy recovers. Emulex shares rose $1.
December 13, 2000 |
IBM Corp. Chairman Louis Gerstner said Sun Microsystems Inc., Microsoft Corp. and EMC Corp. sell proprietary computing systems that can't survive in a world of billions of connected devices. In a speech delivered at the eBusiness Conference and Expo in New York, Gerstner said these technology giants--all IBM competitors--are facing an "inexorable" move to open-computing standards driven by the Internet.
December 3, 1998 |
Guinness Flight Investment Management Ltd. is offering a new index mutual fund "designed to track the U.S. information economy of the 21st century," according to the company. The fund, to be launched Dec. 15, is named the Wired Index Fund. The index, developed by Wired magazine, includes 40 stocks, and their percentage of the index will be determined by their market capitalization, said James Atkinson, head of Guinness' Pasadena-based U.S. operations. The top stocks in the index as of Nov.
February 13, 1996
MTI Technology Corp., which provides data storage, is selling its patent portfolio for $40 million to EMC Corp. of Hopkinton, Mass. EMC, a maker of computer information storage and retrieval products, said the two companies also will share additional royalties under certain conditions. The pact includes a five-year licensing partnership that will provide each company with nonexclusive licensing rights to each other's existing patents and certain future patents.
January 2, 1991
List includes only common stocks and reflects stock splits and dividends. Not included are stocks whose 1989 closing price was below $2. Close ($) Yr. to date Stock Dec. 31, '90 % change Line of business Cabletron Systems 28.5 +204.0 Computer net- work systems U.S. Surgical 71.375 +160.7 Surgical products Signal Apparel 10.5 +147.1 Men's & child- ren's clothing EMC Corp. 8.0 +146.2 Computer equipment Myers, L.E. 15.125 +124.1 Electrical construction Oregon Steel Mills 24.0 +97.