Updated at 2:30 p.m. PDT with comments from Iomega Chief Executive Jonathan Huberman.
And now for something completely different.
Software and storage company EMC announced Tuesday that it will purchase Iomega for $213 million, or $3.85 per share. EMC expects the deal to close sometime during the second quarter of this year.
EMC has traditionally played in enterprise-level storage and software arenas. Iomega is best-known for hard drives and storage for consumers and small-business customers. EMC hinted that this is just its first move into consumer hardware business.
"Iomega will play a key role in EMC'… Read more