Shares of EMC Corporation were up sharply on trading Thursday as rumors loomed Wall Street that Oracle Corp. could make a bid for the company. Although there seems to be much takeover chatter on the subject, an analyst (Kaushik Roy) from Marketwatch said that he doesn't see Oracle comming after EMC. He said the company would be too expensive for Oracle and that it would be a bay idea. The Marketwatch analyst commented that the probability of Oracle bidding for EMC is as low as 25%. However, if a deal were to go through, Roy sees EMC going for 24.40$/share which represents a 15% premium to today's closing price of 21.21$/share.
EMC Corporation (EMC) develops, delivers and supports the information technology (IT) industry's range of information infrastructure and virtual infrastructure technologies and solutions.
