Feeds

EMC squares $1.1bn DG buy out

NUMA's up as DG gets clarion call

  • alert
  • submit to reddit

Security for virtualized datacentres

EMC is to buy Data General (DG) for $1.1 billion in stock, the companies announced today. EMC will issue 0.3262 of a share of common stock for each DG shares. The deal values DG at around $19.58 per share, based on EMC's 6 August closing stock price. Through the deal, EMC will swallow DG's CLARiiON storage products. DG's AviiON server business will operate as a separate unit of EMC, the companies said. EMC also plans to use DG's R&D knowledge in Intel-based systems across its existing product range. Completion of the buyout is expected before the end of the year. EMC said it expected the acquisition to boost profits for 2000 and 2001. DG shares closed at $13.19 on Friday on the New York Stock Exchange and EMC closed at $60.06. Michael Ruettgers, EMC president and CEO, said: "Data General's products have proven technology leadership in the mid-range storage market, particularly in the Windows NT and UNIX environments, but have lacked the global distribution and support needed to achieve their full market potential." ®

Security and trust: The backbone of doing business over the internet

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Murdoch to Europe: Inflict MORE PAIN on Google, please
'Platform for piracy' must be punished, or it'll kill us in FIVE YEARS
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
Radio hams can encrypt, in emergencies, says Ofcom
Consultation promises new spectrum and hints at relaxed licence conditions
Why Oracle CEO Larry Ellison had to go ... Except he hasn't
Silicon Valley's veteran seadog in piratical Putin impression
Big Content Australia just blew a big hole in its credibility
AHEDA's research on average content prices did not expose methodology, so appears less than rigourous
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
The next step in data security
With recent increased privacy concerns and computers becoming more powerful, the chance of hackers being able to crack smaller-sized RSA keys increases.