Items tagged with (NYSE:EMC)

EMC, a player in the IT data storage field and headquartered in Hopkinton, Massachusetts, is trying to decide what direction to go in once its Chief Executive Officer Joe Tucci steps down early next year. Under pressure from hedge fund Elliott Management Corp., which now has a big stake in the company, EMC is once again considering a merger with rival Hewlett-Packard. This isn't the first time EMC has entertained the idea of merging with HP. The two sides have been engaging in talks throughout the past year, though nothing has materialized. Given the pressure its under, EMC may once again chat with HP to see if the two can hammer out a deal. Image Source: Flickr (Bob Mical) Citing "people familiar... Read more...