March 13 Data storage equipment maker EMC Corp
plans to create a new company called Pivotal that would
be 69 percent owned by EMC and 31 percent owned by its publicly
traded affiliate VMware Inc, according to EMC Chief
Executive Joe Tucci.
Tucci also said at an investor meeting that his plan would
be to eventually take Pivotal public and to create its own
equity so that it could attract some strategic investors.
In December EMC and software maker VMWare had said they
planned in the second quarter to merge their data analytics and
cloud application assets into what it called the Pivotal