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Technology Stocks : EMC How high can it go?

EMC 29.05

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Sep 15 5:00 PM EST

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From: JakeStraw	3/20/2012 2:32:37 PM
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EMC Acquires Pivotal Labs finance.yahoo.com 'Big Data' Leader EMC and Agile Experts Pivotal Combine to Accelerate Development of Next-Generation Applications for Start-ups and Large Enterprises News Summary: EMC has acquired San Francisco-based Pivotal Labs, a privately-held provider of agile software development services and tools. EMC will invest to expand Pivotal's reach on a global scale, bringing Pivotal's agile consulting services expertise to an even greater number of both emerging start-ups and the world's largest businesses looking to embrace Cloud, Big Data, Social and Mobile in developing next-generation applications. Pivotal's agile project management tool (Pivotal Tracker) is currently used by over 240,000 developers around the world. EMC plans to continue to invest in Pivotal Tracker to accelerate innovation in the platform and increase adoption. With the addition of Pivotal, EMC adds to its portfolio the gold-standard in agile software development for customers building 'Big Data' analytic applications. The all-cash transaction is not expected to have a material impact to EMC GAAP or non-GAAP EPS for the full 2012 fiscal year.

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