Wednesday, August 25, 2010 9:47:44 AM
Posted on 08/24/10 at 12:00pm
http://www.benzinga.com/markets/company-news/10/08/439173/emc-helped-quantum-may-buy-company-outright-now-emc-qtm
EMC (NYSE: EMC) helped out Quantum (NYSE: QTM) with a $100 million lifeline.
Now there is chatter that EMC may eventually buy the company outright. This comes as the war between Dell (NASDAQ: DELL) and Hewlett-Packard (NYSE: HPQ) intensifies over 3Par (NYSE: PAR).
Quantum has three times the revenue that 3Par does, and has a much smaller market cap, at nearly 300 million. This compares to the $1.2 billion for 3Par.
In addition to the rumors that EMC may buy Quantum, last year the data storage company provided Quantum with a $100 million lifeline to essentially keep the company afloat.
It looks like now that the company may eventually be swallowed up into EMC.
posts are IMHO // either news - with LINK
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