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EMC vs NetApp for Data Domain: Joe Tucci Sends Open Letter

You have built a terrific company: Joe Tucci
By SOA News Desk
Article Rating:
June 9, 2009 06:10 AM EDT
Reads:
 1,793

"We stand ready to welcome the talented people of Data Domain to EMC with open arms," writes Joe Tucci - Chairman, President and CEO of EMC - to all Data Domain employees this morning. He chose an open letter format, says EMC, as the best way to express directly to Data Domain employees his thoughts about why EMC is the best choice for them.

EMC initiated its tender offer for all outstanding Data Domain shares on June 1, 2009, by which time  Data Domain had already agreed to be acquired by NetApp.

For that reason, EMC was legally prohibited from communicating with EMC. But the company contends that before signing the definitive agreement with NetApp, Data Domain's management excluded EMC from consideration as a potential acquirer.

This, says EMC, was despite EMC's attempt at an open dialog. 

Tucci accordingly chose an open letter format as the best way to express directly to Data Domain employees his thoughts about why EMC is the best choice for them.

Read the full text of Joe Tucci's Open Letter here.

 

Published June 9, 2009 – Reads 1,793
Copyright © 2009 SYS-CON Media, Inc. — All Rights Reserved.
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