Hedge fund wants EMC to break up

CBS – A hedge fund that has taken a more than $1 billion stake in EMC (EMC) is pushing the computer storage giant to sell its interest in software firm VMWare (VMW).

EMC is a major vendor of the hardware and software companies use to store their electronic data. VMWare specializes in software that lets companies more efficiently operate and manage their computer resources and use “cloud” computing.

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