Cisco (CSCO) Needs to Acquire EMC (EMC) to Inspire Investors
Tweet
Share
E-mail
Get Alerts CSCO Hot Sheet
Join SI Premium – FREE
Cisco Systems Inc. (NASDAQ: CSCO) may need to acquire EMC Inc. (NYSE: EMC) to regain the attention of its investors after two consecutive disappointing quarterly reports.
DealReporter stated this reality on Wednesday, citing several unidentified industry bankers.
Cisco seemingly is in no hurry to acquire EMC, which has a market cap of $56 billion, six-times the total Cisco's largest acquisition ever when it acquired Cerent Corp. in 1999 for $7 billion.
Shares of EMC are up 1.09 percent to $26.88 in midday market movement on Wednesday, while shares of Cisco are down 10 cents to $18.46.
DealReporter stated this reality on Wednesday, citing several unidentified industry bankers.
Cisco seemingly is in no hurry to acquire EMC, which has a market cap of $56 billion, six-times the total Cisco's largest acquisition ever when it acquired Cerent Corp. in 1999 for $7 billion.
Shares of EMC are up 1.09 percent to $26.88 in midday market movement on Wednesday, while shares of Cisco are down 10 cents to $18.46.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- This cyberstock is best-positioned in a post-quantum world
- Scorpion Capital says short Twist Biosciences
- Northland Upgrades CIENA (CIEN) to Outperform
Create E-mail Alert Related Categories
Insiders' BlogSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
