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The founder who called legacy storage unfit for AI just sold to NetApp
NetApp is folding Manchester's PEAK:AIO into ONTAP as its third startup buy in three months, an AI-era architecture bought by the legacy vendor its founder said could not do the job. Shareholders have already paid: the stock closed above the $191 target Morgan Stanley just raised and the $192.50 analyst mean, at 26 times book.
· 3 min read
