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
12/19/201416:16:49AT&T Boosts Dividend
12/19/201416:13:23AT&T Inc. Boosts Dividend 2.2%
12/16/201417:04:28Google Cuts Patent Deal With Verizon--Update
12/16/201416:16:49T-Mobile Offers to Roll Over Data -- Update
12/16/201413:20:09T-Mobile Offers to Roll Over Data
12/16/201413:05:54T-Mobile Offers to Roll Over Data, Harking Back to Era of Voice...
12/16/201411:16:16Google, Verizon Enter Patent Agreement
12/09/201416:03:19AT&T: Competition for Customers Rising -- Update
12/09/201400:32:11Advertisers Pay Billions for Bogus Web Traffic
12/08/201419:10:22Wireless Price War Takes A Bite Out Of Verizon's Profits -- 2nd...
12/08/201419:10:06Verizon Sees Promotions Pressuring Profits -- Update
12/08/201419:08:42Verizon Sees Subscriber Counts Growing Again
12/07/201420:30:09BlackBerry Plans Medical Tool for Its Passport Smartphone
12/05/201420:23:18Canadian Court Rules Against Telus Challenge to Government Policy
12/01/201419:54:39Medtronic's $17 Billion Bond Sale Is Year's Largest -- Update
11/24/201421:10:32Carriers Issue Debt as Spectrum Auction Bids Top $36 Billion
11/24/201420:53:52Carriers Issue Billions in Debt As Spectrum Auction Bids Top...
11/24/201417:07:34U.S. Stocks Close Higher
11/24/201415:00:16U.S. Stocks Pare Gains
11/21/201422:00:51Wireless Carriers Bid Up US Airwaves To Record

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