ADVFN - Advanced Financial Network.
HOME» NYSE » V » VZ Stock Price » VZ Stock News

Verizon Share News

 Verizon Communications Stock Price
VZ Stock Price
 Verizon Communications Stock Chart
VZ Stock Chart
 Verizon Communications Stock News
VZ Stock News
 Verizon Communications Company Information
VZ Company Information
 Verizon Communications Stock Trades
VZ Stock Trades

EMC to Partner with Verizon-Terremark on Cloud Offerings

By Shara Tibken EMC Corp. (EMC) is teaming up with Verizon Corp.'s (VZ) Terremark unit to provide cloud-computing products to customers, boosting EMC's footprint in the fast-growing market. EMC--the Hopkinton, Mass., provider of storage, security and other data-center products--said Verizon-Terremark will be standardizing its private cloud business on EMC infrastructure. Such clouds typically involve infrastructure managed for one organization. Verizon-Terremark also will offer public and hybrid clouds that use EMC technology, with hopes the company will eventually standardize those offerings on EMC infrastructure as well, said Howard Elias, EMC president and chief operating officer of information infrastructure and cloud services. The agreement with Verizon-Terremark is similar to deals EMC has reached with companies such as AT&T Inc. (T) and Singapore Telecommunications Ltd. Mr. Elias declined to provide terms of the Verizon-Terremark agreement. "There are no financial details we're disclosing, but it's significant for both companies," Mr. Elias said. "There was already a strong and growing relationship between the companies, and this amplifies that." The news comes the same day as EMC rival Oracle Corp. (ORCL) plans to unveil its new cloud offering. Many companies see a big market in cloud computing, which reduces costs by allowing users to access their applications and data over the Internet or internal networks. EMC views the hybrid cloud, which keeps some data in-house and other data on shared infrastructure, as a particularly large opportunity. EMC says its strategy differs from Oracle, Amazon.com Inc. (AMZN) and other competitors as it will allow customers to move their data more easily between cloud providers, as well as between their own data centers and cloud products. "Customers still don't want to give up control of their applications, workload and data, and they want the choice of where to put their workloads," Mr. Elias said. "They also want the choice to move them back and forth," which they can do with a common infrastructure. Write to Shara Tibken at shara.tibken@dowjones.com

Stock News for Verizon (VZ)
DateTimeHeadline
04/15/201422:10:16FCC to Set Aside Spectrum for Smaller Wireless Carriers
04/07/201408:15:28Cincinnati Bell to Sell Wireless Spectrum Licenses to Verizon...
03/28/201418:55:16Sally Beauty Says More Credit Card Records May Have Been Stolen
03/27/201414:30:09Obama Unveils Proposed NSA Phone Data Revamp
03/27/201414:15:36Obama Unveils Proposed NSA Phone Data Revamp -- Update
03/20/201419:47:32Netflix Chief Still Wants Free Web Connections with Broadband...
03/17/201423:00:14Verizon Prices $8.2 Billion in Debt
03/17/201421:51:51Verizon Prices $8.2 Billion in Debt -- Update
03/17/201409:37:33U.S. Hot Stocks: Hot Stocks to Watch
03/17/201407:18:54Sally Beauty Believes Customer Data May Have Been Stolen
03/10/201416:39:49BOND REPORT: Treasury Prices Inch Up Ahead Of Debt Supply
03/10/201413:49:32BOND REPORT: Treasury Prices Swing Higher Ahead Of Debt Supply
03/10/201412:50:09Verizon in the Market Again With Large Bond Sale
03/08/201414:35:31AT&T Again to Trim U.S. Wireless Prices
03/07/201418:21:06Verizon to Buy Back Up to 100 Million Shares
03/07/201415:17:06Government Extends HealthCare.gov Contract for Verizon's Terremark...
03/03/201418:36:18U.S. Sues Sprint, Alleging It Overbilled Law Enforcement for...
02/28/201418:10:09Regulators Probe How Banks Divvied Up Bonds
02/28/201417:44:41Regulators Are Probing How Goldman, Citi and Others Divvied Up...
02/28/201417:44:29Regulators Are Probing How Goldman and Citi Divvied Up Bonds

Verizon and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad