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Tag - EMC
Dell and EMC Corporation today announced they have signed a definitive agreement under which Dell, together with its owners, Michael S. Dell, MSD Partners, and investment company Silver Lake, will acquire EMC Corporation, while maintaining VMware as a publicly-traded company. The deal is record-breaking, and is valued at $67 billion, the biggest technology company acquisition to date.
China's second biggest telecommunications gear maker ZTE was found to have sold embargoed US computer equipment to Iran. A Tuesday Reuters report claimed that documents show ZTE sold some computer gear as part of a $10.5 million supply contract to a unit that controls Iranian telecoms. The documents are dated June 30, 2011 and explain how Iran got sophisticated US hardware despite sanctions against such transactions.
Apple CEO Tim Cook has taken the top spot on a Glassdoor list of the 25 most highly-rated CEOs. The site records ratings from anonymous workers, who in this case judged their CEOs regarding a 12-month period ending on March 15th. Over 280,000 people participated; each rating was based on a five-point scale, from "strongly disapprove" up to "strongly approve." Cook won with an overall score of 97 percent.
Unlike the rumored investigation by the Department of Justice and the FTC of the recent Nortel patent buy, the Canadian government won't review it, the Industry Minister Christian Paradis said on Tuesday. While the Investment Canada Act requires foreign investments of more than $328 million must be reviewed, the book value of the $4.5 billion deal may be much lower, said a Tuesday report.
Tom West, a pioneer in computing hardware, passed away last week. West was best known for leading the team that developed the Data General MV/8000, one of the computer industry's first and then widely used mini computers. He is also credited with championing DG's first full-screen laptops at a time when the category was still new.
The acquisition of Novell by Attachmate is now complete, as the company's stock will no longer be publicly traded, Datamation reported on Wednesday. Novell is now a wholly owned subsidiary of Attachmate and part of the deal involves selling 882 patents to CTPN Holdings for $450 million, which was approved by the Department of Justice.
The Department of Justice has stepped in to regulate patent sales arising from the buy out of Novell. Novell agreed to be bought out by Attachmate, a group of private-equity firms for $2.2 billion in November. However, CPTN Holdings, a separate holding company owned by Microsoft, Oracle, Apple and EMC, had sought to buy some of Novellís patents in a move that would have threatened the ability of the open source Linux operating system to continue to develop server, desktop and mobile operating systems. The revised arrangements mean that the critical patents CPTN had sought to purchase will now remain under the GNU General Public License.
RSA, the security division of EMC and maker of SecurID systems used by many large corporations, has just admitted that its security systems were hacked. The company assures everyone that it has taken aggressive measures against the "extremely sophisticated" cyber attack along with an extensive investigation of the attack. It claimed the attack was an Advanced Persistent Threat (APT) that would have been difficult to stop.
The acquirer of 882 Novell patents as part of Attachmate's buyout of Novell includes Apple, EMC, Microsoft and Oracle, Germany's antitrust regulator Bundeskartellamt revealed in a notice for the deal. While created by Microsoft, the organization includes some of its competitors and suggests the buy wasn't intended solely or primarily for Microsoft's attempt to discourage Linux use through patent lawsuits. None of the companies have mentioned their plans or, until now, acknowledged their involvement in public.
A newly-formed SSD Form Factor Working Group has been formed, with the aim of bringing out a PCI Express-based SSD standard. Made up of promoter members Dell, EMC, Fujitsu, IBM and Intel, the group will focus on enterprise customers who need ever-higher performance storage that is cost effective and easy to use. While PCIe based SSDs are available now, they aren't simple and are usually reserved for servers, workstations and very high-end gamers.