Data storage company EMC Corp. announced the upcoming release of data deduplication product, EMC Avamar Virtual Edition for VMware Infrastructure, which will work in conjunction with VMware virtualization software. VMware's shares jumped 8.7% in composite trading Thursday on the news. Data deduplication involves the removal of repetative data, leaving behind only a single copy of the data to be stored, and thus lowering storage capacity needs, while reducing the time it takes to back up data. EMC Avamar Virtual Edition for VMware Infrastructure is the "the first fully virtualized deduplication solution for backup and recovery" in a fully virtual environment. The new software utilizes Avamar technology purchased by EMC in November 2006; it is due for general release in November 2007. EMC spun off part of its VMware stake on August 14, and saw shares gain 79% on their first day of trading and nearly 21% more since. EMC owns 87% of VMware's common shares and 98% of the combined voting power.
Sources: Press Release, InfoWorld, SearchStorage.com, Reuters
Commentary: Why Both EMC And VMware Are Still Cheap Right Now • Caris Upgrades EMC Corporation to Reflect 'Embedded Value' of VMware Stake • VMware Surges in Biggest Debut of 2007
Stocks/ETFs to watch: VMW, EMC. Competitors: MSFT, CTXS. ETFs: IAH, MTK
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