NetApp CEO on Bidding for Data Domain

" Silicon Valley Arab Liz Claman is spending three be very busy days. A company's culture can make a real difference in the kind of talent. At that company attracts a big named the best place to work in the whole country is a pretty big deal right list."

" Exactly -- just after that at this is the company that makes these gigantic disk drives that attached and networking systems. And corporate culture is extraordinarily important -- just as important Silicon Valley as competition all of these she's out there but we want to welcome the CEO Dan at warm and god with what this company to a point where you're welcome. Us have what is considered one of the best corporate cultures around fourteen giving you. That nice to nice award and would have you have to tell us what you were doing today despite -- what kind of place that accurately is to work for."

" We're very proud of fortunately you know fortune. It actually publishes the results of this study from the great places to work institute which does surveys throughout North America actually. Many countries now that we just found out they were in a report India. That is number four ranked best place to work and what did you do today that reflect how well. I -- she's referring to subpoena governments leave home for a peanut butter jelly sandwiches in the cafeteria. Yeah -- in Atlanta -- counter. Today it was basically -- today for the local food bank -- the Summers when -- need is the worst. You know most of the fundraising takes place German Christmas holiday season. But the fact when kids around schools London -- is the greatest so. We started to share your lunch program that starts literally -- school gets out. At all -- economy let's make this out in the cafeteria right an entire -- proceeds are donated to to the sheer want program. And right all the ships are basically the exact so. How's that there was you know idea. Of the column. I don't know I don't but I think that I pray that it put up -- bachelors in -- integrated Dicey out."

" We've established it's a great place to work it is now let's talk about that Turkey I have figured anybody I -- the there's a bidding war between you and EMC for data domain is it over or did you win or can't EMC still come back with another bid for data domain."

" Watch heading right our superior bid although it -- side of both worth thirty dollars so that you have to say superficially they're even. That ours it has some tax advantages -- period individual shareholders don't pay capital -- citizen -- but you know but -- the same level. I think we're both right now waiting to see what happens with the regulators and some other major constituents like that. I personally think -- EMC is going to face some challenges with. We'll see whether it's a Federal Trade Commission or Justice Department has jurisdiction. About Hart Scott -- Type of are they creating. You know to concentrated position on that segment so we're -- Iran and deliver regulatory push back and that no Stewart goes America and stop. Was up 52 cents today but -- paying more than you wanted for this product for this company that he had a question -- you look forward to accretion dilution analysis the answers this is secretive about a year. So you have to argue though not paying too much even -- very own share thoughts of a creative means it adds to the bottom line are stressed that. As earnings actually we did have a fairly conservative analysis to this to even take into account the fact that. We could take care products into other countries and channels we have presence and they don't. If you look at their revenue makes -- 20% international were 52%. So right away -- can't take that product on into the rest of the world and probably it's incremental upside revenue."

" Data domain of big acquisition but valuations of all the companies out there have fallen in this recession. Argue licking your chops with the cash that you have to -- even more."

" Certainly we have our -- on several different you know different small companies to be sure. A data domain being one would like to find that companies are very complementary to what we are due. If you think about OR Arizona as you described is storage retrieve data management. Lots of I would data. And so there's software solutions that could be edited a portfolio to help and data management. Data domain is basically it. A long term archival solution seek kind of think about complementary components the only Beatrice and -- an afternoon to perform the tomorrow."

" How on our third day three days in the valley we're going over the Cisco Apple has been kind enough to -- senator John Ford are sure that your competitor you say that without a little bit of it you now."

" I I had chambers San Francisco are really more partners and Ernie else we are very closely aligned in many different ways they're recent introduction of their blades senators in the UCS to -- computing forever. Is all around promoting -- ethernet as he interconnect between servers and storage and we've been proponents and after fifteen years."

" warm -- and thank you very much the head of that out great to see you and congratulations on the award from fortune as the great place to work -- pleasure thank you sir for coming here to do."