Iomega to buy China-gov't owned storage maker
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Storage hardware vendor Iomega has signed a deal to buy sister hardware vendors indirectly owned by the Chinese government in an effort to expand the company&#39;s product line.
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TOKYO (CBS.MW) - General Electric Co. said Wednesday it will buy Australian Financial Investments Group, a holding company for home loan lenders, to boost its mortgage business in that country.
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EMC puts the boot in Network Appliance is buying the privately-owned storage service management vendor Onaro for an undisclosed sum. Israeli tech pub The Marker reports NetApp is putting $120m on the table, but chief marketing officer Jay Kidd declined to confirm the figure.â¦
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Iomega, an American distributor of computer data storage equipment, said Wednesday that it was entering into a complex $310 million deal to acquire ExcelStor, a Chinese contract maker of disk drives.
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(InfoWorld) - Emulex will buy Sierra LogicÂ to build a bigger enterprise storage portfolio. Emulex said Tuesday it has reached a definitive agreement to acquire Sierra Logic for $180 million to expand its position in the embedded storage components market. The acquisition will combine two suppliers of network storage components and may improve the reliability of storage networks that enterprise customers depend on. Sierra's line of embedded bridges and routers will join Emulex's portfolio of embedded switches and multiple protocol input/output controllers. The combination will make Emulex more competitive in selling to storage system makers, said Mike Smith, Emulex's executive vice president for worldwide marketing. Emulex's current customers include Sun Microsystems, Hitachi Global Storage Technologies, and Network Appliance. "There is always a trend toward integration, and you can offer more integrated solutions the more pieces you provide. It makes you more of a single, trusted supplier," Smith said. The deal gives Emulex access to key technology developed by Sierra Logic to make SATA (Serial Advanced Technology Attachment) storage systems more reliable, said storage industry analyst Arun Taneja, founder of The Taneja Group, in Hopkinton, Massachusetts. Fibre Channel disk drives are used in high-end storage environments, while SATA drives are a lower cost alternative. But SATA drives are less reliable than Fibre Channel. Sierra Logic's technology makes SATA more reliable, Taneja said. "Sierra makes a SATA drive look like a Fibre Channel drive but maintains the price advantage of SATA," said Taneja. "Emulex looked at the technology and said 'It's too important to this industry. I want to own it.'" Consistent with its integration strategy, Emulex also acquired Arohi Communications, a maker of data center networking and intelligent storage platforms, in May for $39 million. The Sierra Logic deal is expected to be completed by Sept. 30 and to contribute an incremental $8 million to $10 million in revenues to Emulex in the fourth quarter. Emulex, based in Costa Mesa, California, has about 600 employees worldwide, while Sierra Logic, based in Roseville, California, has 70 employees. Smith expects most of them to come to Emulex, including Sierra Logic Chief Executive Officer Bob Whitson.ADVERTISEMENTMAKE SOA REAL WITH IBM WEBSPHERE PODCASTStreamline processes and maximize efficiency within a proven service oriented architecture. Take back control of your business processes with IBM WebSphere.
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IBM (NYSE: IBM) has said it will purchase Venetica, a privately held firm that provides content-integration software to unstructured data sources.
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Video conferencing vendor Tandberg plans to purchase tape storage systems manufacturer Exabyte for about $28 million, leaving the industry with one less independent manufacturer of tape drives.
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Emulex will buy Sierra LogicÂ to build a bigger enterprise storage portfolio. Emulex said Tuesday it has reached a definitive agreement to acquire Sierra Logic for $180 million to expand its position in the embedded storage components market.ADVERTISEMENTMAKE SOA REAL WITH IBM WEBSPHERE PODCASTStreamline processes and maximize efficiency within a proven service oriented architecture. Take back control of your business processes with IBM WebSphere.
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Exelon Corp., owner of the largest power companies in Illinois and Pennsylvania, agreed to buy New Jersey&#39;s Public Service Enterprise Group Inc.
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China's largest personal computer maker, Lenovo Group Ltd. (0992.HK), said on Wednesday it is buying control of IBM's PC-making business for &#36;1.25 billion, capping the U.S. tech giant's gradual withdrawal from the business it helped pioneer in 1981.
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Lenovo Group&#39;s takeover of IBM&#39;s personal computer business is a giant step in a multibillion-dollar foreign expansion by China, which is buying auto, television and telecommunications companies abroad.
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Storage Expo Iomega punts a hard disk autoloader
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China's biggest computer maker, Lenovo Group, said Wednesday it has acquired a majority stake in International Business Machines Corp.'s personal computer business for &#36;1.75 billion, one of the biggest Chinese overseas acquisitions ever.
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TOKYO - China's Lenovo Group Ltd. signed a definitive agreement on Wednesday to acquire IBM Corp.'s personal computing division. Lenovo will pay US$1.25 billion in cash for the business, which is expected to transform it into the world's number three PC maker, the companies announced.
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China's biggest computer maker said Tuesday it is in acquisition talks with a major international technology company, a disclosure which follows reports it might buy IBM Corp.'s personal computer business.
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U.S. home improvement chain Home Depot Inc.  said on Wednesday it would buy Chinese retailer The Home Way, marking its first foray into retailing in fast-growing China.
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Iomega is soon expected to ship its first network-attached storage (NAS) device based on wireless networking technology. Called the NAS 100d, the product will be marketed as an entry-level