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Desperate times call for desperate measures ….
EMC's Chairman and CEO Joe Tucci and his board are probably feeling the strain. They are under intense pressure to do something before activist investor Elliott Management plays its hand. The hedge fund which owns around two percent of EMC’s shares wants
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The press isn’t generally allowed into the cushy briefing rooms where Wall Street analysts get updated by corporate executives on a company’s future. At least not at tech conferences. VMworld, being held in San Francisco this week, was no different.
But analysts do provide notes for their clients.
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Hewlett-Packard Co. has walked away from merger discussions with EMC Corp., Reuters reported today. Reuters reported HP has walked away after "months of fruitless negotiations." The news comes as no real surprise as there were rumors earlier this month that the two companies were deadlocked over financial terms.
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