EMC and Quantum announced today that they were strengthening their relationship as EMC loaned Quantum $100m to refinance debt.
The significant thing about this is, to my mind, that it is a loan. Not a purchase of stock, not a take over or partial take over or any such thing. It is a loan, made to a partner that supplies EMC with some very important technology: deduplication software for backup.
The other important aspect of this is that it comes on the heels of a very successful quarter for Quantum; the EMC loan is a clear reflection of the confidence we have in the company and their technology. For Quantum, this allows them to focus on their technology, and growing their business.
The market seems to have reacted positively, as QTM is up 90% as of the time of this writing.