Cisco, EMC Weigh Tech-Services Venture

Business News & Financial News (Sep 4 2009) Construction

1. Cisco Systems Inc. and EMC Corp. are in talks to form a new joint venture to provide technology services, in a move by the companies to branch into new areas in the increasingly competitive tech sector. The joint venture plans to target large businesses and emphasize installing products from Cisco and EMC, according to people briefed on the plan. Cisco, which provides networking gear, and EMC, a maker of technology storage, would both have board representation on the new company, these people said. A spokesman for Cisco said the San Jose, Calif., company doesn't comment on rumor or speculation. A spokesman for EMC, Hopkinton, Mass., said "EMC and Cisco have a long-standing strategic alliance and over the years we continue to broaden and strengthen the alliance" but declined to comment on a new business. (Read Full Article)

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