Weekend
Report - EMC- EMC extends offer to buy Data Domain - Sourced
WhisperFromWallStreet.com
WhisperfromWallStreet.com is a FREE award winning newsletter that
specializes in sending alerts to our subscribers on stocks we think are going
to run, why we think so, as well as teaching you how to become a better trader.
We scan hundreds of stocks a day to find those that meet our criteria and when
we find one, we send you an alert. We have sent out 40 alerts so far in 2009
with an average price gain of over 80%. Please join risk free and see for
yourself.
Sign up for our FREE alerts at WhisperfromWallStreet.com
---
E M C CP,EMC
After Hours: 13.51 0.00 (0.00%) 6:04PM ET
Data storage company EMC Corp. said Friday that it extended its offer to
buy Data Domain Inc. for $30 per share in an all-cash deal. The offering now
expires at midnight on July 10. Previously, EMC's offer, which had begun on
June 2, was to expire at midnight on Monday.EMC had said last week that it
would refile notice of its offer to buy the data backup and disaster recovery
systems provider to ensure federal authorities have time to review it.Data
Domain said June 15 that EMC's offer is not in the best interest of its
shareholders and that it prefers a bid from data storage provider NetApp
Inc.NetApp and Data Domain had said in early June that they reached a deal for
Data Domain to be bought for $1.9 billion in cash and stock. NetApp originally
offered $1.5 billion, or $25 per share in cash and stock, on May 20, before EMC
produced a higher offer of $30 per share.
About
EMC Corporation develops, delivers and supports the information
technology (IT) industry’s range of information infrastructure technologies and
solutions. EMC’s Information Infrastructure business provides a foundation for
customers to manage and secure their information, automate their data center
operations. EMC’s VMware Virtual Infrastructure business, VMware, Inc., is the
provider of virtual infrastructure software solutions from the desktop to the
data center. VMware’s virtual infrastructure software solutions run on
industry-standard desktops and servers and support a range of operating system and
application environments. EMC’s Information Infrastructure business comprises
three segments: Information Storage, Content Management and Archiving, and RSA
Information Security. During the year ended December 31, 2008, the Company
acquired Pi Corporation, Document Sciences Corporation, Infra Corporation Pty
Limited, WysDM Software Inc., Conchango plc. and Iomega Corporation.
Last Trade: 13.51
Day's Range: 13.28 - 13.74
52wk Range: 8.25 - 15.78
Volume: 32,601,620
---
Here are a few alerts our WhisperfromWallStreet.com
subscribers enjoyed.
SPNG 1000%
AMNG 241%
RKBD 300%
UTRM 169%
TLLE 266%
Sign up to receive free stock alerts
---
Disclaimer: Full disclaimer at http://whisperfromwallstreet.com/disclaimer.php
WhisperfromWallStreet.com (WFWS) based upon information believed to be reliable
herein prepared all material. The information contained herein is not
guaranteed by WFWS to be accurate, and should not be considered to be
all-inclusive. The companies that are discussed in this opinion have not
approved the statements made in this opinion. This opinion contains
forward-looking statements that involve risks and uncertainties. This material
is for informational purposes only and should not be construed as an offer or
solicitation of an offer to buy or sell securities. WFWS is not a licensed
broker, broker dealer, market maker, investment banker, investment advisor,
analyst or underwriter. Please consult a broker before purchasing or selling
any securities viewed on http://www.whisperfromwallstreet.com or mentioned
herein. WFWS may have been compensated with shares or with cash from third
party shareholders or the company on behalf of one or more of the companies
mentioned in this opinion.
This release contains "forward-looking statements" within the meaning
of Section 27A of the Securities Act of 1933, as amended, and Section 21E the
Securities Exchange Act of 1934, as amended and such forward-looking statements
are made pursuant to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. "Forward-looking statements" describe future
expectations, plans, results, or strategies and are generally preceded by words
such as "may", "future", "plan" or
"planned", "will" or "should",
"expected," "anticipates", "draft", "eventually"
or "projected". You are cautioned that such statements are subject to
a multitude of risks and uncertainties that could cause future circumstances,
events, or results to differ materially from those projected in the forward-looking
statements, including the risks that actual results may differ materially from
those projected in the forward-looking statements as a result of various
factors, and other risks identified in a companies' annual report on Form 10-K
or 10-KSB and other filings made by such company with the Securities and
Exchange Commission. You should consider these factors in evaluating the
forward-looking statements included herein, and not place undue reliance on
such statements. The forward-looking statements in this release are made as of
the date hereof and WFWS undertakes no obligation to update such statements.
This is not a solicitation to buy or sell any securities.
WhisperfromWallStreet.com, nor any of its affiliates are not registered
investment advisors or a broker dealers. Never invest in any stock featured on
our site or emails unless you can afford to lose your entire investment.
CONTACT: WhisperFromWallStreet.com
