After various reports claimed that Dell had been eyeing EMC as a merger target, Dell on Monday finally confirmed it’s indeed going to purchase the company, creating a “premier end-to-end technology company.” More →
A group of companies including Apple, Microsoft, Research In Motion, Sony, EMC and Ericsson offered the winning bid in an auction that will net them Nortel’s extensive portfolio of patents. The bankrupt telecommunications company held roughly 6,000 patents, and the six-company consortium’s winning bid came in at $4.5 billion. Among the big losers were Google, which opened the bidding at $900 million, and Intel. Patents within the massive cache cover a wide range of technologies including wireless, voice, networking, optical data transmission and 4G LTE. RIM said it would be responsible for $77o million of the winning bid, and Ericsson separately stated it would pay $340 million. The rest of the companies in the consortium did not disclose their contributions.
In a filing with the Securities and Exchange Commission (SEC), information management company EMC admitted that an “extremely sophisticated” attack was in progress against its computer network. Specifically targeting the company’s security division, the intruders stole confidential data related to RSA’s SecurID products. EMC acquired RSA Security in the fourth quarter of 2006 for just under $2.1 billion. RSA SecurID provides a form of two-factor authentication that implements a second layer of network security to protect against outside threats and compromised passwords — the technology is used by governments, the military, financial institutions, hospitals, and businesses around the globe. RSA declined to comment on the nature of the attack, or provide information on exactly how much data was accessed by the network intruders. More →