EMC Gets Einhorn Investment, Adding to Activist Pressures

EMC Corp., which is facing calls from activist shareholder Elliott Management Corp. to spin off its software company VMware Inc., has attracted another outspoken hedge fund.

Greenlight Capital Inc., the $10 billion firm run by David Einhorn, today disclosed a new “medium-sized” stake in EMC. The hedge fund said Hopkinton, Massachusetts-based EMC is trading at a “sizable discount to the sum of its parts” because of its structure, where businesses ranging from enterprise storage, software virtualization and cloud infrastructure trade under the parent company.