EMC May Raise DDUP Bid

Hopkinton, MA-based EMC (NYSE: [[ticker:EMC]]) is prepared to raise its bid for Santa Clara, CA-based Data Domain (NASDAQ: [[ticker:DDUP]]) from $30 per share to as much as $35 in order to outbid rival NetApp (NASDAQ: [[ticker:NTAP]]), Reuters reported on Friday, citing unnamed sources. The board of Data Domain, whose software is used to reduce storage requirements by eliminating redundant data, has already accepted NetApp’s $30 per share offer (sweetened from $25 after EMC’s surprise bid), but has said it will review EMC’s $30 counteroffer. It’s expected to issue a recommendation to shareholders tomorrow. A higher offer could force NetApp to respond, or could put pressure on board members to accept EMC’s bid.

Author: Wade Roush

Between 2007 and 2014, I was a staff editor for Xconomy in Boston and San Francisco. Since 2008 I've been writing a weekly opinion/review column called VOX: The Voice of Xperience. (From 2008 to 2013 the column was known as World Wide Wade.) I've been writing about science and technology professionally since 1994. Before joining Xconomy in 2007, I was a staff member at MIT’s Technology Review from 2001 to 2006, serving as senior editor, San Francisco bureau chief, and executive editor of TechnologyReview.com. Before that, I was the Boston bureau reporter for Science, managing editor of supercomputing publications at NASA Ames Research Center, and Web editor at e-book pioneer NuvoMedia. I have a B.A. in the history of science from Harvard College and a PhD in the history and social study of science and technology from MIT. I've published articles in Science, Technology Review, IEEE Spectrum, Encyclopaedia Brittanica, Technology and Culture, Alaska Airlines Magazine, and World Business, and I've been a guest of NPR, CNN, CNBC, NECN, WGBH and the PBS NewsHour. I'm a frequent conference participant and enjoy opportunities to moderate panel discussions and on-stage chats. My personal site: waderoush.com My social media coordinates: Twitter: @wroush Facebook: facebook.com/wade.roush LinkedIn: linkedin.com/in/waderoush Google+ : google.com/+WadeRoush YouTube: youtube.com/wroush1967 Flickr: flickr.com/photos/wroush/ Pinterest: pinterest.com/waderoush/