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EMC (IBM Quote) launched a new company to tap into growing demand for so-called cloud computing.
The company's new Dech unit will deliver "cloud" services -- sharing and storing information over the Web. Decho combines two separate EMC businesses; online backup specialist Mozy, and Pi, which stores personal data such as emails and files.
EMC's shares were up 5 cents to $10.12 in early trading, despite a broader slump in tech stocks which saw the Nasdaq slip 0.6%. ...
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