EMC to buy much of Cisco's stake in joint venture VCE

(Reuters) - Data storage products maker EMC Corp said it will buy much of Cisco System Inc's stake in their joint venture VCE for an undisclosed sum. VCE, set up in 2009 as a one-stop shop for data centers, bundles Cisco's networking equipment and servers with EMC's storage gear and software from EMC's virtualization software unit VMware Inc. Reports of EMC and Cisco encroaching on each other's turfs had sparked speculation that the partnership was fraying. Cisco, which had a 35 percent stake in the joint venture, will retain a 10 percent stake in VCE. ...



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