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Data Domain Agrees to be Acquired by EMC for $33.50 Per Share

SANTA CLARA, Calif. -- July 8, 2009 -- Data Domain, Inc. (NASDAQ:DDUP) announced today that it has entered into a definitive merger agreement with EMC Corporation (NYSE:EMC) providing for the acquisition of Data Domain by EMC. Pursuant to the definitive merger agreement with EMC and consistent with the tender offer previously commenced by EMC, EMC will acquire all of the outstanding shares of Data Domain common stock for $33.50 per share in cash.

Data Domain also announced today that it has terminated the previously announced merger agreement with NetApp, Inc. (NASDAQ:NTAP), as revised on June 3, 2009, and has paid NetApp a $57 million termination fee under the terms of that merger agreement. Data Domain has also cancelled its special meeting of stockholders scheduled for August 14, 2009, at which stockholders were to consider the NetApp merger.

Data Domain's board of directors has unanimously determined that the definitive merger agreement with EMC and the terms of the EMC tender offer are advisable, fair to and in the best interests of Data Domain and its stockholders, and recommends that Data Domain stockholders tender their Data Domain shares to EMC. Data Domain will amend its Schedule 14d-9 previously filed with the Securities and Exchange Commission to reflect the recommendation of its board of directors.

The EMC tender offer commenced on June 2, 2009, and is currently scheduled to expire at 12:00 midnight, New York City time on July 17, 2009, subject to extension by EMC.

Qatalyst Partners is serving as financial advisor and Fenwick & West LLP is serving as legal counsel to Data Domain.

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