June 9, 2009 -- The acquisition agreement between Data Domain and NetApp precludes EMC from communicating with Data Domain directly, but no one says EMC can't state its case to the public or to Data Domain's employees.
EMC chairman, president and CEO Joe Tucci issued an open letter to Data Domain's personnel this morning in which he praises their achievements, congratulates them for their successes and highlights the impact of their data deduplication technologies are having in data centers across the globe.
He even writes, "In many ways, you remind us of EMC."
Tucci also promises Data Domain's employees an "exciting future" if they should become part of the "EMC family."
All flattery and promises aside, Tucci continues to make the financial argument that EMC's $30 per share all-cash tender offer to acquire all of the outstanding stock of Data Domain is the better deal than NetApp's part-stock, part-cash offer
It appears that NetApp will win the day
and acquire Data Domain, but its sure is fun to watch the day-to-day developments.
The full text of Tucci's open letter to the employees of Data Domain can be found on EMC's website
posted by: Kevin Komiega