EMC says there's value in federation
The use of the word "federation" in this announcement is almost a direct response to Elliott Management Corp.'s recommendation that EMC split VMware completely out of the company. Elliott contends that EMC's federated approach to maintaining ownership in VMware and Pivotal obscures the true value of the company. EMC's response: There's value in federation. Is it right? EMC delivered a response a short response to Elliott, which owns 2.2% of EMC stock, today saying something to the effect, "We've heard you, we've considered your recommendations, thank you very much."