Note: This didn't happen. It was merely a rumor. The stock market was alive with rumors that Seagate might be bought by an unnamed Chinese company, as reported in the New York Times, among others. This comes after a week of insider whispers about a possible tieup between Seagate and memory-makers, Micron or SanDisk, itself a Seagate spin-off. It seems that the hot disk drive … [Read more...] about Seagate Going to China?
As the virtualization world turns, hot on the heels of VMware's successful IPO (it's riding over $50 today), many might wonder about that company's only major competitor. Well, the answer is here: XenSource is being acquired by client-side virtualizer, Citrix! Word is it's a $500 million deal. Not bad for little XenSource! This looks like a replay for Citrix, which has … [Read more...] about XenSource Selects Citrix Over IPO
Wonder no more - 3PAR will hit the street sometime at some price to raise some money so they can do something. That's right, their vague initial S-1 was announced yesterday. About the only thing we do know about 3PAR's IPO is that it's being handled jointly by Goldman Sachs and Credit Suisse. Good luck, guys! … [Read more...] about 3PAR Warms Up the IPO Bullpen
EMC floated 10% of VMware today as an IPO (NYSE:VMW) and wow, is it taking off. Starting at $29, it's at $51 after a couple of hours of trading, making EMC's $635 million investment in 2003 worth $19 billion today. If this price is maintained (which I doubt it will be), VMware would be half as valuable as EMC itself, according to the market. It also has a market cap higher … [Read more...] about Yowza! VMware is a Rocket!
This just in: Greg Reyes, former CEO of Brocade, was just found guilty on all 10 counts relating to stock option backdating. Reyes maintains his innocence and vows to appeal. … [Read more...] about Reyes Found Guilty On All Counts