Today’s economy: A different odyssey than in 2001
[Editor's note: Needless to say, there's been a lot of panic surrounding the downturn. And panic tends to breed ominous comparisons to past crashes and tough times. For the tech industry, 2001 is the scariest throwback scenario possible. But anyone calling 2009 the next 2001 is jumping the gun, says Deloitte's Eric Openshaw. Below, he explains why prospects are a lot brighter today.]
Remember 2001? Bad news touched all corners of the tech industry. Are we… Continue Reading
Dell buys EqualLogic for $1.4B, biggest cash purchase of private tech company
Dell just announced the planned acquisition of EqualLogic, a supplier of data storage for large companies, for about $1.4 billion in cash.
The deal is the largest ever cash purchase of a private venture backed technology company, according to data from VentureSource. See table below.
This could be painful for EMC. Dell it the largest distribution partner of Clariion, EMC’s product that competes with EqualLogic’s. “I’m sure [EMC Chief Executive] Joe Tucci woke up with headache,” said… Continue Reading