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NetApp Didn't Need Data Domain Anyway

Stock quotes in this article: EMC , DDUP , NTAP , CVLT , FALC , QTM  

EMC(EMC Quote) has added a key weapon to its arsenal by winning the battle to acquire Data Domain(DDUP Quote), but rival NetApp(NTAP Quote) still has plenty of options to boost its own strategy.

NetApp withdrew its $1.9 billion cash and stock bid for Data Domain late Wednesday, just two days after EMC threw down a $2.1 billion all-cash offer.

Santa Clara, Calif.-based Data Domain is regarded as a trailblazer in data de-duplication, which ensures that the same pieces of information are not stored by companies. By eliminating duplicate data, the technology is seen as the solution to the current data explosion, making Data Domain an attractive target for both EMC and NetApp. ...

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