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.”
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 …
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 …
