McData sells manufacturing plant to Solectron McData Corp. will hand over its Lumberton, N.J., manufacturing facility, which it obtained as part of the company's recent acquisition of CNT, to Solectron Corp. Under the terms of the purchase agreement, Solectron, which already produces McData's Sphereon and Eclipse products, will assume production of all former CNT products. The closing is expected to take place next week.
iLumin unveils email discovery tool ILumin Software Services Inc. announced a search and archiving tool for e-mail, Assentor Discovery 2.0, aimed toward compliance with legal investigation or audits. The product includes a "Legal Hold" feature, which allows a user to classify and protect e-mails from deletion. E-mails can also be automatically designated as "privileged" based on keywords, sender addresses or other elements of the e-mail message. Finally, messages can
Investors to vote on Symantec deal Shareholders in Symantec Corp. will vote today on the company's proposed $11 billion takeover of Veritas Software Corp. The deal, which would be the biggest software merger in history, has been criticized by some analysts. A series of meetings between executives and shareholders of the two companies were held over the last week to mull the deal.