Thursday, September 09, 2010

Netezza, Symantec jump on takeover rumors • The Register

More on the Netezza rumor

As El Reg is going to press just as Wall Street is shutting down for the day, Netezza's stock is up 12.6 per cent, to just over $24 a pop, giving the company a market capitalization of $1.32bn. The stock had peaked today at $24.64 a share. The Barron's, the stock trading rag and sister paper of the Wall Street Journal, cites Oppenheimer analyst Ittai Kidron speculating about Dell, IBM, or HP possibly being interested in acquiring Netezza.

Oracle, of course, might be interested, as El Reg already explained, since the Exadata V2 appliance is not as good at data warehousing as it is at online transaction processing, according to Oracle's competitors.

Netezza, Symantec jump on takeover rumors • The Register

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