EMC Sees Rise in Shares, Still after Novell Patents
EMC has had quite a lot of things going on lately, including a rise in share price, to today’s $24.31. EMC’s shares are 48% above their lowest trading price in the past 52 weeks, $16.45, and above their highest price of $24.17 throughout the same period. “In the last five trading sessions, the 50-day MA has climbed 0.93% while the 200-day MA has risen 0.55%.” This rise indicates that at least for now EMC’s upwards momentum is still going strong, and is expected to continue.
EMC is also active on the patent front. CPTN Holdings, a consortium formed by Microsoft, Apple, Oracle and EMC, has withdrawn plans to buy open-source cloud patents (as well as hundreds of others) from industry leader Novell, but have recently stated that nothing has changed in their desire to move forward with their open-source plans. The withdrawal of the company’s plan from German regulators was reportedly only “…a procedural matter.”
The open-source movement had seen significant growth lately, which makes for a cost-effective way of developing cloud initiatives, offering scalability to enterprise clients and boosting cloud products’ development overall. In order to remain competitive, the CPTN cloud giants must incorporate more open-source offerings into their portfolios, and they’ve set their eyes on Linux.
Some companies already moving in this direction include IBM and their incorporation of Hadoop Distributed File System (HDFS) into its new General Parallel File System-Shared Nothing Cluster (GPFS-SNC) architecture. Additionally, we covered the first OpenStack public Design Summit, in which the next two cloud storage code releases, dubbed “Bexar” and “Cactus”, were announced.
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