Boston, MA 09/23/2014 (wallstreetpr) – EMC Corporation (NYSE:EMC) is looking at various acquisition options, and the reason is quite evident. If it needs to grow, the only option in hand right now is to take over another company. Recently, Bloomberg reported that EMC while exploring its merger options, also approached Hewlett-Packard Company (NYSE:HPQ) for its takeover.
The Hanging Deal between EMC-HP
However, the deal did not reach anywhere because the discussions did not reach mutually agreeable terms. As of now, there have been only differences with HP; especially for the takeover price. This also indicates that EMC Corporation (NYSE:EMC) might look forward to a back-up plan if the deal remains out of the question.
Initially, these discussions had moved ahead to a level where the decision of making Meg Whitman (HP’s CEO) as the top executive of the combined company, was also taken. The disagreements started creeping in over the price.
EMC Struggling with the Revenue
The 2014 revenue of the company is said to be the growing at a snail’s pace, and also the slowest in over ten years. For rapid growth or enhancing the speed of revenue growth, EMC Corporation (NYSE:EMC) will have to acquire a business that is developing faster. The options in hand include Fortinet Inc (NASDAQ:FTNT) and Tableau Software Inc (NYSE:DATA). This applies the case if EMC desires to stand alone in the future ventures.
The other way to deal with struggling revenue growth is to sell a few shares of its stake in VMware, Inc. (NYSE:VMW).
EMC’s Acquisition
While EMC approached HP to be acquired, people close to discussions, also told Bloomberg that it has also offered the same to Cisco Systems, Inc. (NASDAQ:CSCO) and Oracle Corporation (NYSE:ORCL).
The Strategic Review of EMC
The company had started reviewing its performance and strategic plans earlier in 2014. The Board of EMC Corporation (NYSE:EMC) has been under pressure from some time due to a shareholder demanding EMC to part ways with VMware’s publically traded unit. Also, the shareholder is adamant that the company should pursue its strategic buyers.
