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Wednesday, July 23, 2014

Why Elliot Management's EMC Breakup Proposal Won't Help Its Stock Price

A New York hedge fund manager is slapping Hopkinton’s (in which I have no financial stake) in the face – demanding that the storage technology provider break up its Federation. Should EMC — which on July 23 reported earnings that met expectations and raised EPS guidance by a penny a share — fight back or comply? I would suggest selling the company to the highest bidder.

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