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Storage heavyweights: Way big and not big enough
The Data Domain thrill ride ended this week when EMC upped its offer for DDUP to $33 per share (a whopping $2.1 billion dollars, or 111 times Data Domain's earnings), after which NetApp bailed out and went home.
Then came another surprise. Broadcom dropped its hostile takeover bid for Emulex--a prize it had been chasing for months. Hostile is almost an understatement for Emulex's reaction to Broadcom's entreaties. Harsh words and lawsuits were flying back and forth. But that one ended too when Emulex's board of directors unanimously rejected Broadcom's sweetened bid of $11 … Read more
