When security giant Symantec bought storage specialist Veritas two years ago, the US$13.5 billion deal was a massive beacon pointing to technological convergence.
Faced with muted enthusiasm from investors, Symantec and Veritas outlined their case to shareholders on Wednesday over the benefits of their pending US$13.5 billion merger that will marry the security giant and a leading storage company.
Veritas Software stepped further into the emerging market for utility computing applications on Tuesday, releasing several products designed to help businesses keep better track of IT resources.
Oracle has offered to purchase rival BEA Systems for US$17 per share, a total of about US$6.66 billion in cash -- but BEA rejected the offer as too low.
OK. So anti-trust lawyers would have a field day but consider this -- the software giant is on an official spending spree and this is the best time to spread its wings ... to become the Coca-Cola of the IT industry.
Is storage software maker Veritas Software growing too fast for its own good? Is the company going through an identity crisis in the name of diversification?
In the flat enterprise software market, the message is clear: It's time to hunt or be hunted.
Sun's $4.1 billion buyout of StorageTek is a huge bet: It's the last cash deal that size Sun will be able to make.
OK. So anti-trust lawyers would have a field day but consider this -- the software giant is on an official spending spree and this is the best time to spread its wings ... to become the Coca-Cola of the IT industry.
special report When is the right time to consolidate your IT resources...or is there ever a good time? Additional reading: Internal process improvement tips
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