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Cisco, EMC, VMware Unveil IT Joint Venture

DOW JONES NEWSWIRES Cisco Systems Inc. (CSCO), EMC Corp. (EMC) and VMware Inc. (VMW) unveiled a joint venture to sell a new integrated data center product, part of a broader trend by technology companies to provide a broad range of products. The joint venture will sell and provide maintenance and service support for the product, named "V-Block," combining EMC's storage equipment, Cisco's virtualized servers and networking gear and VMWare's virtualization technology. There are two components to the alliance. The joint venture will be responsible for marketing and providing maintenance and support for V-Block. But the actual cloud infrastructure will be constructed by a coalition of the three companies. Seeking growth in a stagnating IT spending environment, technology giants have breached new markets, turning once stalwart allies into competitors. The move by Cisco, EMC and VMWare comes amid a wave of consolidation among companies that provide hardware, software and services to corporate data centers. Following the actions of International Business Machines Corp. (IBM) and Hewlett-Packard Co. (HPQ) to create one-stop IT shops, Dell Inc. (DELL) announced in September it will purchase IT services firm Perot Systems Corp. (PER). Software giant Oracle Corp. (ORCL), meanwhile, is awaiting European antitrust approval for its acquisition of Sun Microsystems Inc. (JAVA). Cisco and EMC currently have an alliance to collaborate around Cisco's next-generation data center platform, the Cisco Unified Computing System, which will be a component of V-Block. EMC owns nearly 85% of VMware. In September, The Wall Street Journal reported that the two companies were in talks to form a new technology services venture, code-named Alpine. -By Jerry A. DiColo and Roger Cheng; Dow Jones Newswires

Stock News for Cisco Systems (CSCO)
DateTimeHeadline
11/24/200914:33:12TECH STOCKS: Tech Sector Retreats As Brocade Shares Fall
11/23/200916:21:21TECH STOCKS: Tech Stocks Rise As Part Of Broad-based Rally
11/23/200910:47:15TECH STOCKS: Tech Sector Rises As Part Of Broad-based Rally
11/20/200916:49:04NetApp CEO: Cisco Partnership To Stay Strong Despite EMC JV
11/20/200916:39:41TECH STOCKS: Tech Sector Retreats As Dell Shares Fall
11/19/200916:30:22TECH STOCKS: Tech Stocks Fall As Chip Sector Takes Hit
11/19/200915:29:12NYSE Euronext Commission Head Warns On Corp-Governance Reforms
11/19/200913:05:01TECH STOCKS: Chip Losses Keep Tech Stocks Down
11/19/200910:52:12TECH STOCKS: Chip Downgrades Lead Broad Tech-sector Losses
11/17/200919:58:06WSJ CEO COUNCIL: Small Business, Education Key To Job Growth
11/17/200915:43:33WSJ CEO COUNCIL: Cisco CEO: Education Is Top National Priority
11/17/200914:37:07TECH STOCKS: Tech Stocks Cling To Small Gains In Afternoon
11/17/200911:05:08TECH STOCKS: Tech Stocks Off; Applied Materials To Buy Semitool
11/17/200910:53:13TECH STOCKS: Tech Stock Find Early Going To Be Rough
11/16/200921:36:19WSJ CEO COUNCIL: CEOs Remain Hesitant To Hire New Workers
11/16/200917:02:04TECH STOCKS: Cisco, Intel Gains Lead Broad Tech Advance
11/16/200913:40:46TECH STOCKS: Tech Stocks Build On Broad Gains
11/16/200910:35:09TECH STOCKS: Cisco, Intel Help Lead Broad Tech-sector Rise
11/16/200906:32:07Tandberg Minority Owner Panta Capital Accepts New Cisco Bid
11/16/200905:18:07Cisco Raises Tandberg Bid Offer To NOK170 Per Share

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