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Strategies & Market Trends : Speculating in Takeover Targets -- Ignore unavailable to you. Want to Upgrade?

To: richardred who wrote (2497)11/2/2010 9:56:17 AM
From: richardred  Read Replies (1) | Respond to of 6990
Oracle to Buy Art Technology Group for $1 Billion
November 2, 2010, 8:48 am

Oracle agreed on Tuesday to buy the Art Technology Group, an e-commerce software provider, for about $1 billion.

Under the terms of the deal, Oracle will pay $6 a share in cash, 46 percent above Art Technology’s closing stock price on Monday. It is the first deal that Oracle has announced since it hired Mark V. Hurd, the deal-making former chief executive of Hewlett-Packard.

Also on Tuesday, Art Technology posted $4.2 million in net income on $50.3 million in revenue for the third quarter, up markedly from the same period a year earlier.

Art Technology, based in Cambridge, Mass., makes a range of e-commerce products like customer analysis software and Internet-based calling solutions. The two companies said that Art Technology’s platform will complement Oracle’s existing customer relationship management and retail products.

The deal is expected to close early next year, pending approval of Art Technology shareholders.

To: richardred who wrote (2497)11/2/2010 10:03:46 AM
From: richardred  Respond to of 6990
Dell plans cloud computing acquisition and tablet PC push

Michael Dell, Chairman and Chief Executive Officer of Dell Inc, attends a forum at the American Chamber of Commerce in Hong Kong November 2, 2010. Dell Inc, the world's No.2 PC maker, expects to launch a significant number of tablet PC models next year, its chief executive said on Tuesday, drawing the product's growing popularity since the launch of Apple Inc's iPad. REUTERS/Bobby Yip
On Tuesday November 2, 2010, 6:41 am EDT

HONG KONG (Reuters) - Dell Inc, the world's No.2 PC maker, will announce an acquisition related to cloud computing on Tuesday, its chief executive said, while ramping up its tablet PC line to compete with rivals such as Apple.

Speaking at an event in Hong Kong, Michael Dell also said that he had received feedback from developers that it was easier to develop smartphone software using Microsoft's Windows operating system than Google's popular free Android system.

"We're going to have a significant number of new tablets in the next year," Dell said. "There're lots of debate about the size of the market, who's buying these devices, and those questions always emerge when there's a new form factor."

Dell did not give any further details of the acquisition, but the company was recently involved in a bidding battle with rival Hewlett-Packard to acquire high-end storage maker 3PAR.

Cloud computing is an industry term that refers to providing software and computing power over the Internet such as web-based email, and has been touted by many tech companies as the next big trend in the PC sector.

Microsoft launched its new operating system for mobile devices earlier this month, in a move that is seen by analysts to be its last chance to catch up with Apple and Google's Android smartphones after having squandered its early lead.

"What's interesting about the smartphone space is how it's changing into a more open-modular system," Dell said. "It's staggering that Android has now surpassed Apple in terms of originations and this is happening at a much, much faster rate than what folks had envisioned."

PC companies have increasingly begun looking to mobile devices and other corporate solutions to diversify away from the heavily commoditized personal computer, where net margins can fall to the low single digits for companies such as Acer.

Dell unveiled a 7-inch tablet PC it calls the Streak in September following a 5-inch model earlier that month, joining rivals such as Samsung Electronics in competing with Apple in the emerging tablet PC space.

(Reporting by Kelvin Soh; Editing by Jacqueline Wong)

To: richardred who wrote (2497)11/14/2010 10:38:26 PM
From: richardred  Respond to of 6990
Storage leader EMC agrees to purchase Isilon


Last Updated: 7:31 PM, November 14, 2010

Posted: 7:04 PM, November 14, 2010
Comments: 0
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EMC is expected to announce as early as today that it has reached a deal to buy Isilon, which stores video and digital images, The Post has learned.

In the past few weeks, exclusive talks between EMC and Isilon had gone cold over price, but the two sides were very close to an agreement over the weekend, a person close to the situation said, and barring last-minute complications were set to seal the deal early this week.

Isilon closed Friday at $26.29 a share, giving the firm a $1.75 billion market capitalization. The company’s stock is down about 10 percent since Nov. 4, when the Wall Street Journal reported talks had fizzled.

On Oct. 18, The Post broke the news that EMC and Isilon were in talks.

By buying Isilon, storage leader EMC will essentially lock up clustered storage in cloud computing over the Internet because the pair are the two main providers of that service.

Clustered storage is important in storing high-definition media applications, or in large-scale industrial-use simulation, where a huge amount of data needs to be stored.

Neither company reps returned calls for comment before presstime.

In tech, there are few areas hotter than computer storage. While the rate of growth in personal computers is leveling off, the volume of data is up 50 percent year over year, said Wedbush analyst Kaushik Roy.

Hewlett-Packard in September won a very spirited bidding war for 3PAR over Dell agreeing to pay $2.35 billion. Like 3PAR, Isilon is basically a one-trick cloud pony that has a niche in storage technology.

Isilon’s shares have risen roughly 70 percent since the 3PAR deal was announced on takeover speculation. The seller is using Frank Quattrone’s Qatalyst Group as its banker, the same firm that sold 3PAR.

The company’s revenue in the third quarter was $53.8 million, a 77 percent rise from a year earlier. Still, Isilon is barely profitable.

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