Boston, MA 09/25/2014 (wallstreetpr) – EMC Corporation (NYSE:EMC) may be willing to sell itself, but it seems that the suitors have dried out from the market. There were a few suitable options for the acquisition of this company, i.e., Hewlett-Packard Company (NYSE:HPQ), Oracle Corporation (NYSE:ORCL) and Cisco Systems, Inc. (NASDAQ:CSCO). HP has been ruled out already, and Oracle is itself going trying to prove that its new co-CEOs can keep the company’s stature intact. The third option was Cisco and yesterday, the CEO, John Chambers eliminated this speculation as well by saying that it wasn’t interested in EMC.
No Suitors for EMC?
According to Chambers, the possibility of deal for EMC Corporation (NYSE:EMC) existed a year or two ago. He added that now, there is no offing. Answering the Wall Street Journal’s ‘Viewpoints,’ Chambers said that his company is not eyeing EMC.
EMC’s Tough Times
EMC, in the meanwhile, has been looking for possibility of merger in the recent past. While its negotiations with HP have remained on and off from past one year, the Wall Street said that it also approached Dell Inc. (NASDAQ:DELL) for the same. Not only is EMC facing tough times, in terms of business, but is also, facing pressure from its activist shareholder. Meanwhile, the long-time CEO of EMC Corporation (NYSE:EMC) is due for retirement.
So, does that indicate, there are no suitors for EMC Corporation (NYSE:EMC)? It would be too soon to speculate this, but there is no doubt that EMC, which once enjoyed a strong position, is now, under a state of turmoil.
At present, EMC Corporation (NYSE:EMC) might look forward to two options- Dell or Oracle. Forbes believes that this company will be better off with Oracle. Given that the right deal happens between EMC and Oracle, it would be something big for the industry. And this is so because the former will get a suitable merger and the latter will prove that it is still strategically aggressive in competition.
