[SLE] OT: Speaking of VMware.....

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To: suse-linux-e@suse.com
Date: Tue, 16 Dec 2003 13:18:01 -0500

EMC TO ACQUIRE VMware,
ADVANCING CONVERGENCE OF SERVER AND
STORAGE VIRTUALIZATION

HOPKINTON, Mass., and PALO ALTO, Calif. - December 15, 2003 - EMC
Corporation (NYSE: EMC), the world leader in information storage and
management, today announced that it has signed a definitive agreement to
acquire Palo Alto-based VMware, Inc., a rapidly growing, privately held
software company and the world leader in Intel-based virtual computing
software, in a cash transaction valued at approximately $635 million. The
acquisition is subject to customary closing conditions and regulatory
approvals, and is expected to be completed early in the first quarter of
2004.

      The acquisition of VMware will play a key role in EMC's strategy to
help customers lower their costs and simplify their operations by deploying
virtualization technologies across their heterogeneous IT infrastructure to
create a single pool of available storage and computing resources. This
"Virtual Information Infrastructure" will enable organizations to
dynamically configure and reconfigure their compute and storage environments
with no downtime as their business needs change. EMC expects VMware's
leadership in server virtualization, together with EMC's innovation in
storage virtualization, will serve as a strong foundation for
next-generation information lifecycle management solutions.
      
      VMware's technology enables multiple operating systems -- including
Microsoft Windows, Linux and NetWare -- to run simultaneously and
independently on the same Intel-based server or workstation and dynamically
move live applications across systems with no business disruption. These
"virtual machines" integrate seamlessly into existing physical
infrastructures and management frameworks, allowing users to see resources
as if they were dedicated to them, while administrators manage and optimize
those resources globally across the enterprise.

      Joe Tucci, EMC President and CEO, said, "Customers want help
simplifying the management of their IT infrastructures. This is more than a
storage challenge. Until now, server and storage virtualization have existed
as disparate entities. Today, EMC is accelerating the convergence of these
two worlds."
      
      "We've been working with the talented VMware team for some time now,"
Tucci continued, "and we understand why they are considered one of the
hottest technology companies anywhere. With the resources and commitment of
EMC behind VMware's leading server virtualization technologies and the
partnerships that help bring these technologies to market, we look forward
to a prosperous future together."
      
      Diane Greene, VMware President and CEO, said, "This combination is a
natural fit. Beyond the obvious product synergies, EMC's leadership in
advancing open standards and its relationships with the leading IT players
will foster ongoing innovation and industry-wide cooperation. VMware will
continue its deep relationships with the world's leading server and storage
vendors as well as ISVs and systems management providers to jointly develop
useful innovation for our customers."

      VMware software is used today by thousands of companies worldwide to
consolidate underutilized servers, reduce server-provisioning time from
weeks to tens of seconds, dynamically move application workloads across
servers and workstations without service interruption, and eliminate
downtime for hardware maintenance, deployment, or migration.

      Upon completion of the acquisition, EMC expects to take a charge of
approximately $15 to $20 million in the first quarter of 2004 for the value
of VMware's in-process research and development costs and other integration
expenses. Including the aforementioned charges, the transaction is expected
to be dilutive in the first quarter of 2004 by $0.01 per diluted share and
is not expected to impact EPS for the full 2004 fiscal year. EMC expects the
addition of VMware to be accretive to EPS by $0.01 in fiscal year 2005.
      
      Upon completion of the acquisition, EMC plans to operate VMware as a
software subsidiary of EMC, headquartered in Palo Alto and led by Diane
Greene, VMware's current President and CEO. VMware will remain focused on
developing, selling and servicing VMware's products and solutions.

Mike
-------------------------------
Cleary_Mike@emc.com
-------------------------------
A wink is as good as a nod to a blind horse.

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