[THIN] Re: OT- EMC to buy VMWare

  • From: "Ron Oglesby" <roglesby@xxxxxxxxxxxx>
  • To: <thin@xxxxxxxxxxxxx>
  • Date: Tue, 16 Dec 2003 12:36:33 -0600

From what I hear it is a wholly owned subsidiary thing

Ron Oglesby
Senior Technical Architect
 
RapidApp
Office 312.372.7188
Mobile 815.325.7618
email roglesby@xxxxxxxxxxxx
 

-----Original Message-----
From: Luchette, Jon [mailto:JLuchette@xxxxxxxxxxxxxxx] 
Sent: Tuesday, December 16, 2003 12:05 PM
To: 'thin@xxxxxxxxxxxxx'
Subject: [THIN] Re: OT- EMC to buy VMWare

I think this has a lot to do with the fact that EMC has seen a big hit
in
their market lately, mainly due to the fact that their competitor, HP,
has
recently come out with their flagship product, the EVA, which introduces
virtualization into the SAN world, and EMC did not really have anything
to
compete with it.  I think that as a whole EMC is better at what they do
in
terms of storage than HP however, so I am VERY interested to see what
they
come up with.

-----Original Message-----
From: Chris Lynch [mailto:lynch00@xxxxxxx] 
Sent: Tuesday, December 16, 2003 12:32 PM
To: thin@xxxxxxxxxxxxx
Subject: [THIN] Re: OT- EMC to buy VMWare

 
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Agreed.  I don't think that will happen.  Err... At least I *hope* that
doesn't happen.

Chris 

- -----Original Message-----
From: thin-bounce@xxxxxxxxxxxxx [mailto:thin-bounce@xxxxxxxxxxxxx] On
Behalf
Of Steve Greenberg
Sent: Tuesday, December 16, 2003 8:29 AM
To: thin@xxxxxxxxxxxxx
Subject: [THIN] Re: OT- EMC to buy VMWare


I only hope that EMC does not decide to chop the product up and only
keep
what it likes. It is important for the growth of virtual servers that
VMWare
continues to expand it's offering and support all OS platforms, all
hardware, etc.

Steve Greenberg
Thin Client Computing
34522 N. Scottsdale Rd. suite D8453
Scottsdale, AZ 85262
(602) 432-8649
(602) 296-0411 fax
steveg@xxxxxxxxxxxxxx



- -----Original Message-----
From: thin-bounce@xxxxxxxxxxxxx [mailto:thin-bounce@xxxxxxxxxxxxx] On
Behalf
Of Chris Lynch
Sent: Tuesday, December 16, 2003 9:03 AM
To: thin@xxxxxxxxxxxxx
Subject: [THIN] Re: OT- EMC to buy VMWare


 
- -----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1

This will be VERY interesting.  This can also be a good thing.  I did
know
that EMC and Vmware were working VERY closely the past few years, and
this
buyout just makes complete sense.

Chris 

- - -----Original Message-----
From: thin-bounce@xxxxxxxxxxxxx [mailto:thin-bounce@xxxxxxxxxxxxx] On
Behalf
Of Jeanne Shotton
Sent: Monday, December 15, 2003 7:37 PM
To: thin@xxxxxxxxxxxxx
Subject: [THIN] OT- EMC to buy VMWare

Should be an interesting year for Server Virtualization in 2004

EMC to Acquire VMware, Advancing Convergence of Server and Storage
Virtualization

HOPKINTON, Mass. & PALO ALTO, Calif.--(BUSINESS WIRE)--Dec. 15,
2003--EMC
Corporation (NYSE: EMC), the world leader in information storage and
management, today announced that it has signed a definitive agreement to
acquire Palo Alto-based VMware, Inc., a rapidly growing, privately held
software company and the world leader in Intel-based virtual computing
software, in a cash transaction valued at approximately $635 million.
The
acquisition is subject to customary closing conditions and regulatory
approvals, and is expected to be completed early in the first quarter of
2004.

The acquisition of VMware will play a key role in EMC's strategy to help
customers lower their costs and simplify their operations by deploying
virtualization technologies across their heterogeneous IT infrastructure
to
create a single pool of available storage and computing resources. This
"Virtual Information Infrastructure" will enable organizations to
dynamically configure and reconfigure their compute and storage
environments
with no downtime as their business needs change. EMC expects VMware's
leadership in server virtualization, together with EMC's innovation in
storage virtualization, will serve as a strong foundation for
next-generation information lifecycle management solutions.

VMware's technology enables multiple operating systems -- including
Microsoft Windows, Linux and NetWare -- to run simultaneously and
independently on the same Intel-based server or workstation and
dynamically
move live applications across systems with no business disruption. These
"virtual machines" integrate seamlessly into existing physical
infrastructures and management frameworks, allowing users to see
resources
as if they were dedicated to them, while administrators manage and
optimize
those resources globally across the enterprise.

Joe Tucci, EMC President and CEO, said, "Customers want help simplifying
the
management of their IT infrastructures. This is more than a storage
challenge. Until now, server and storage virtualization have existed as
disparate entities. Today, EMC is accelerating the convergence of these
two
worlds."

"We've been working with the talented VMware team for some time now,"
Tucci
continued, "and we understand why they are considered one of the hottest
technology companies anywhere. With the resources and commitment of EMC
behind VMware's leading server virtualization technologies and the
partnerships that help bring these technologies to market, we look
forward
to a prosperous future together."

Diane Greene, VMware President and CEO, said, "This combination is a
natural
fit. Beyond the obvious product synergies, EMC's leadership in advancing
open standards and its relationships with the leading IT players will
foster
ongoing innovation and industry-wide cooperation. VMware will continue
its
deep relationships with the world's leading server and storage vendors
as
well as ISVs and systems management providers to jointly develop useful
innovation for our customers."

VMware software is used today by thousands of companies worldwide to
consolidate underutilized servers, reduce server-provisioning time from
weeks to tens of seconds, dynamically move application workloads across
servers and workstations without service interruption, and eliminate
downtime for hardware maintenance, deployment, or migration.

Upon completion of the acquisition, EMC expects to take a charge of
approximately $15 to $20 million in the first quarter of 2004 for the
value
of VMware's in-process research and development costs and other
integration
expenses. Including the aforementioned charges, the transaction is
expected
to be dilutive in the first quarter of 2004 by $0.01 per diluted share
and
is not expected to impact EPS for the full 2004 fiscal year. EMC expects
the
addition of VMware to be accretive to EPS by $0.01 in fiscal year 2005.
Upon
completion of the acquisition, EMC plans to operate VMware as a software
subsidiary of EMC, headquartered in Palo Alto and led by Diane Greene,
VMware's current President and CEO. VMware will remain focused on
developing, selling and servicing VMware's products and solutions.

EMC President and CEO Joe Tucci, VMware President and CEO Diane Greene,
and
EMC Executive Vice President and Chief Financial Officer Bill Teuber
will
discuss the acquisition on a conference call for financial analysts,
investors and the news media at 5:00 p.m. EST, today. The call will be
webcast with supporting slides at
<<http://www.emc.com/IR_Tech_presentation>>.

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