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EMC Hears Dell's Footsteps

Stock quotes in this article: EMC , DELL , HPQ , IBM  

SAN FRANCISCO -- Shares of EMC (EMC Quote) tumbled on news that one of its largest customers may soon become one of its largest competitors.

Computer giant Dell (DELL Quote) announced plans Monday to acquire data storage gear maker EqualLogic, signaling its intention to develop homegrown data storage products rather than reselling EMC's as it does now.

What's more, the $1.4 billion price it paid for EqualLogic underscores Dell's aggressive approach to sell storage gear to small and mid-sized business, which have been a fast-growing segment of EMC's business. ...

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