Tech Business Recap: NetApp and Fusion-io Join FORCES, IBM and CEMEX PARTNER
Here are Monday’s top stories:
NetApp, Inc. (NASDAQ:NTAP) and Fusion-io, Inc. (NYSE:FIO) will jointly offer flash memory storage solutions which integrate Fusion-io’s server flash modules with NetApp storage systems, featuring its Virtual Storage Tier. The latter employs flash and other technologies to quicken the performance for crucial data. Arik Hesseldahl comments that this partnership targets EMC, which is the storage giant that launched its own server flash modules in February, and acquired flash storage vendor XtremIO in May.
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Texas Instruments Inc. (NYSE:TXN) intends to divest $1 billion worth of senior notes, even though it has more than sufficient cash and investments on its balance sheet. The firm says that it might use the proceeds for a stock repurchase, taking advantage of low bond yields to buyback shares
International Business Machines Corp. (NYSE:IBM) and CEMEX S.A.B. de C.V. (NYSE:CX) have reached a 10-year strategic partnership through which the latter will provide world-class business process and information tech services. Also, IBM will supply CEMEX with business consultant services so as to detect and drive sustainable improvements in profitability, employing the entire repertoire of IBM’s capabilities, including research and development know-how.
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