EMC Appeals to DDUP Employees
In an effort to increase the pressure on the board of Data Domain (NASDAQ: DDUP) to accept EMC’s $30 per share acquisition offer and reject NetApp’s (NASDAQ: NTAP) competing offer, EMC CEO Joseph Tucci issued an open letter to Data Domain employees today. Under EMC (NYSE: EMC), Data Domain employees would have “a great and exciting future,” Tucci said. As a subsidiary of EMC, Data Domain—whose deduplication technologies are “are important to the future of enterprise IT,” in Tucci’s words—would stay intact as a product division, he said. Tucci added that EMC’s all-cash offer for Data Domain “remains superior” to NetApp’s cash-and-stock offer.