News - HP out-bids Dell for 3PAR

[HEXUS]

An eleventh hour bid far in excess of Dell’s threatens to snatch the storage company away.

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[miniyazz]

Today, HP announced it was bidding $24 per share for 3PAR - a 33 percent increase on Dell's bid of $16 per share.

Granted, it says 33% in the letter, but it looks very much like a 50% increase to me. Dell's bid is of course 66.7% of HP's bid, but that doesn't translate to HP's bid being 33% more than Dell's bid.

[Scott B]

Granted, it says 33% in the letter, but it looks very much like a 50% increase to me. Dell's bid is of course 66.7% of HP's bid, but that doesn't translate to HP's bid being 33% more than Dell's bid.

You know what, that's a very good point. Bad me for not looking closer, and assuming HP's CTO would have at least GCSE-level maths.

[walibe]

The race to become a complete solutions provider is very much alive. HPs purchase of EDS allowed them to offer most things in-house now which can only be good for profits as well as brining with it a whole host of government contracts.

The question is, what next - will AMD one day fall to HP or Dell, or perhaps even Apple? Still how HP is finding all this money is questionable when they are forced large cut backs in staff, pay and benefits across the company - was it to help pay for this? Either way the 3PAR purchase may well make the WebOS tablet even more interesting.