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Technology Stocks : EMC How high can it go? -- Ignore unavailable to you. Want to Upgrade?

To: VFD who wrote (8659)	1/10/2000 10:23:00 AM
From: VFD	Respond to of 17183

biz.yahoo.com EMC Announces U.S. Antitrust Clearance for SOFTWORKS Acquisition HOPKINTON, Mass.--(BUSINESS WIRE)--Jan. 10, 2000--EMC Corporation today announced that the waiting period under the Hart Scott Rodino Act for its acquisition of SOFTWORKS, Inc., has expired, thereby completing the U.S. antitrust review process. On December 21, 1999, EMC and SOFTWORKS announced a definitive agreement for EMC to acquire publicly held SOFTWORKS of Alexandria, Va., in a cash transaction valued at approximately $192 million. Under the terms of the agreement, EMC has offered to purchase, through a cash tender offer, all outstanding shares of SOFTWORKS stock for $10 per share. The tender offer is scheduled to expire at 5:00 p.m. EST on January 25, 2000, and remains subject to other customary conditions and regulatory approvals. SOFTWORKS is a leading global provider of enterprise data, storage and performance management software. EMC Corporation, a FORTUNE 500 company based in Hopkinton, Massachusetts, is the world's technology and market leader in the rapidly growing market for intelligent enterprise storage systems, software, networks, and services. The company's products store, retrieve, manage, protect and share information from all major computing environments, including Unix, Windows NT, Linux and mainframe platforms. The company has offices worldwide, trades on the New York Stock Exchange under the symbol EMC, and is a component of the S&P 500 Index. For further information about EMC and its storage solutions, EMC's corporate web site can be accessed at emc.com.