New York, October 10 2015: The Wall St. Journal, The New York Times and other key US media has reported the possible imminent acquisition of EMC ( with its over 80% holding in VMware) by Dell.
This, if it comes through will be one of the biggest technology takeovers in recent years and will inevitably affect the India-based employees of all three entities, which have significant India presence as well as India-based global operations including R&D.
EMC, one of the last US tech giants based on the East coast, in Massachusetts ( others were Digital Equipment and Wang) began operations in 1979, making 64-kilobyte memory boards and going on to become a giant in the computer and data storage business. In 2004, it acquired almost all of VMware, the world leader in virtualization. It has been led since 2001 by CEO Joe Tucci.
Michael Dell founded Dell in his University of Texas dorm room in 1984, and it become one of the biggest success stories in the PC hardware business. In recent years it has had to diversify, changing from a consumer-only company to an enterprise-serving entity.
In 2013, Dell was taken private by its founder in $24 billion buyout, one of the biggest in corporate USA . Now the company is said to have $ 40 billion in the kitty to buy EMC. Michael Dell has been a frequenty visitor to India -- his last visit to Bangalore was in September.
Quiz: What does E-M-C stand for? This is something, we are betting many
of the company's employees in India may not be able to asnwer. Before
its eclipse, here goes:
EMC, was founded in 1979 by Richard Egan and Roger Marino (the E and
M in EMC).
The "2" superscript in its logo has no special significance and has no
connection with Albert Einstein and tghe famous equation to back his