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Technology Stocks : Network Appliance

NTAP 110.90

-0.9%

Dec 22 3:59 PM EST

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From: JakeStraw	3/10/2011 11:01:17 AM
	1 Recommendation of 10934

NetApp to Purchase Engenio External Storage Systems Business of LSI Corporation finance.yahoo.com Tom Georgens, president and CEO, NetApp "We're excited about the acquisition of the Engenio business and the opportunity to significantly expand our addressable market and generate greater revenue growth. Our customers and partners have helped us emerge as an innovation leader and one of the fastest growing storage vendors in shared, virtualized IT infrastructures. With Engenio we will have a strategic storage platform to capitalize on new, high-growth opportunities that we don't currently reach with our FAS platform. NetApp also gains a proven OEM-based revenue stream that is run by a talented Engenio team. We believe that the synergies between NetApp and Engenio will create a compelling combination that will help us continue to scale our business and fuel our continued growth."

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