No. 7: Iron Mountain Gets Connected
When Iron Mountain Inc. (NYSE: IRM) gobbled Connected Corp. for $117 million in October, the document storage giant heralded the deal as a cornerstone in its strategy to move into the digital realm. Since then, the company has decided to discontinue Connected's email archiving product, leaving just the PC-backup portion of the acquired business.
No. 6: AMCC Buys More Storage
Telecom-chip supplier Applied Micro Circuits Corp. (AMCC) (Nasdaq: AMCC) boosted its presence in the storage market by gobbling up 3ware Inc. The addition of 3ware's SATA controller followed AMCC's late-2003 acquisition of HBA startup JNI Corp. in an effort to boost flagging sales.
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