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Data Domain Inc.
DDUP
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+27.21%
in
160 days
Analysts' Recommendation: Hold 30 Days Ago: Buy Analysts' Target: $17 Analysts' Targets Argus Research $21 Buy Monday, February 02, 2009 MKM Partners LLC $17 Buy Friday, January 30, 2009 AmTech Research $13 Sell Monday, January 26, 2009 Address 2300 Central Expressway Santa Clara, CA 95050 United States - Map Phone: 408-980-4800 Fax: 408-980-8620 http://www.datadomain.com Exchange NASDAQ Index Membership None Sector Hardware Industry Data Storage Devices Held by these Mutual Funds Not Available Competitors Quantum ...
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From the Blogosphere
EMC Rises 4% on Q2 Beat, Forecast Above Estimates
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Shares of storage equipment vendor EMC (EMC) are on the march this afternoon, rising 59 cents, or 4%, at $15.00, after the company this morning reported Q2 sales fell 11.3%, year over year, to $3.26 billion, a hair above the consensus $3.2 billion estimate, and profit per share came in at 18 cents, a penny better than estimates. <>EMC’s outlook was also higher than expected, with EPS, excluding some costs, projected to be 82 cents, above the average 78-cent estimate. Moreover, the results of the company’s announced acquisition of Data Domain (DDUP) are now being included in the forecast, w...
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EMC: Merriman Initiates at Buy on North American Rebound
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Storage equipment maker EMC (EMC) today got its second thumbs up since Monday, with Merriman, Curhan Ford analyst Alex Kurtz initiating coverage of the company with a “Buy” rating. Instead of giving a price target, Kurtz said he used a “sum of the parts” approach to arrive at a “valuation range” of $15.72 to $19.21. Kurtz’s initiation comes two days after Lazard Capital Markets analyst Ryan Hutchinson also initiated the stock with a “Buy.” <>Kurtz thinks EMC’s partnerships with Cisco Systems (CSCO) and VMWare (VMW), in which it holds a financial stake, will enable it to be ...
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EMC wins the bidding war for Data Domain
Notable Mergers and Acquisitions of the Day 7/9: ELX/BRCM, DDUP/EMC, IPCR/VR
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<> Emulex Corporation (NYSE: ELX) announced that its Board of Directors has responded to the revised offer by Broadcom Corporation (Nasdaq: BRCM) to acquire Emulex for $11.00 per share in cash, and unanimously rejected the offer. In response, Broadcom said it would cease all efforts to acquire Emulex.
<>Data Domain (NASDAQ: DDUP) announced that it has entered into a definitive merger agreement with EMC Corporation (NYSE: EMC). EMC will acquire all of the outstanding shares of Data Domain common stock for $33.50 per share in cash.Data Domain also announced that it has terminated the previously ...
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DDUP Takes $33.50/Shr EMC Bid; NetApp Gives Up
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Data Domain (DDUP) this afternoon said it has reached a definitive agreement to be acquired by EMC (EMC) for $33.50 a share in cash. The company also said it has terminated its previous agreement to be acquired by NetApp (NTAP), and has paid the company a $57 million termination fee. In a statement, NetApp CEO Dan Warmenhoven explained why they decided not to ratchet up their bid. <><><>“While NetApp’s acquisition of Data Domain would have produced benefits for customers and employees and complemented NetApp’s existing growth trajectory, we remain highly confident in our already compelling stra<><><><>< /><>< /><>< /><>< /><>< />< />...
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About Data Domain Inc.
- Answers.com
To get a valuation juiced up, all it takes is two bidders. And, that's what 
