Network Computing is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

EMC's Tucci Appeals to Data Domain Employees

EMC is continuing its fight to win the bidding war for Data Domain. Joe Tucci, EMC chairman, president and CEO, posted an open letter to Data Domain employees today, telling them they could have "a great and exciting future" if their company became part of EMC.

This is the latest development in an ongoing battle between EMC and NetApp for control of Data Domain and its popular data deduplication technology. After competing bids of $30 per share from each company, Data Domain's board accepted the NetApp bid, but said it would evaluate the offer from EMC and urged shareholders to "defer making a determination whether to accept or reject EMC's offer" until the board made a recommendation, which it said it would do by June 16.

EMC's offer is all cash, which it says is better than NetApp's offer of cash and stock. NetApp says its combo offer has more upside potential than the all-cash offer from EMC. Filings with the Securities and Exchange Commission indicate that NetApp had made several bids for Data Domain over several months, and that Data Domain's board accepted an offer without seeking bids from rivals like EMC.

In a letter published on EMC's Web site and in the San Jose Mercury News, Tucci wrote that "We at EMC have the highest regard for the people of Data Domain. You have built a terrific company. ... In many ways, you remind us of EMC."

He said that making Data Domain a part of EMC "would be the best way for you to continue building your careers and accelerating the success you've already achieved in the marketplace."

  • 1