In june 2006, emc announced that it would acquire RSA Security for $2.1 billion, only to be met with a healthy dose of analyst skepticism and a 3 percent drop in its stock price. Many on Wall Street considered the price tag too high in light of RSA's 2005 revenues of $310 million. Moreover, industry observers were disquieted by EMC's unrelenting buying spree: RSA was merely the most expensive purchase out of a whopping 23 acquisitions it had made since early 2003, which have crossed the spectrum from systems management to content management to BPO.
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