Dear JRI: Well, I am getting sick and tired of these rumors note a guy is going to jail for doing it to Lucent. Anyhow, here is the answer as to why CSCO, ORCL and EMC are making an announcement Monday. JDN
EMC, Cisco, Oracle to Announce Alliance for Internet Computing
Hopkinton, Massachusetts, March 31 (Bloomberg) -- EMC Corp., the No. 1 maker of data-storage systems for corporate computers, said it will announce on Monday an alliance with Oracle Corp. and Cisco Systems Inc. for Internet computing.
The venture extends an alliance EMC made in October with Oracle, the world's largest database-software maker, that formed a development center for their electronic-commerce products, the company said. EMC declined to give more details. Cisco is the largest maker of computer-networking equipment such as switches, routers and software that sends information through the Web.
The growth of Internet commerce is driving revenue gains at all three companies. Analyst David Bailey of Gerard Klauer Mattison & Co. speculated the alliance might involve the development of ways for computer networks to transfer data over the Web other than using expensive dedicated lines.
``EMC is making strong moves to integrate their systems and software with those of their customers, and the Internet is a big part of that,' said Bailey, who rates EMC a ``buy.'
Shares of EMC, based in Hopkinton, Massachusetts, fell 1 11/16 to 128 3/16 in midafternoon trading. San Jose, California- based Cisco rose 3 3/8 to 77. Oracle, based in Redwood City, California, rose 2 5/16 to 80 3/4.
Mar/31/2000 14:32 |
