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Cisco to buy EMC?

This rumor has been for quite sometime and I personally think that John Chambers wants to up the ante by swallowing the beast.

EMC Corp (EMC.N: Quote, Profile, Research) shares rose as much as 6.3 percent on Wednesday on market speculation that the world's largest maker of corporate storage equipment could be bought.

EMC spokesman Dave Farmer declined comment, saying the company never responds to market rumors or speculation.

Jefferies & Co analyst Bill Choi said the speculation surfaced late Wednesday morning, but that he did not know what caused it to emerge.

"I am not sure I know anything that supports this rumor. It comes back now and then. The last time it was in full force was in May," Choi said.

Choi and Pacific Growth Equities analyst Kaushik Roy said the most likely company to be interested in buying EMC would be Cisco Systems Inc (CSCO.O: Quote, Profile, Research).


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Comments

  1. interesting.
    but Chambers is interested in Consumer business.
    Makes more sense to buy Western Digital or Maxtor.

    ReplyDelete

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