Mum's the Word from Dell on 3PAR Battle with HP

By Chris Preimesberger  |  Posted 2010-08-24 Print this article Print

Despite rumors of a new counter offer, Dell, now officially in a bidding war with Hewlett-Packard for the rights to own scale-out storage provider 3PAR, is saying exactly nothing as of midday Aug. 24 about HP's 33 percent higher offer to buy the company.

HP on Aug. 23 revealed that it is offering $1.6 billion, or $24 per share, for the 600-person storage company. Dell offered $1.15 billion ($18 per share) on Aug. 16.

Michael Dell and his lieutenants are apparently scrambling to see what new they can bring to the table. HP made the original offer a few weeks ago, following by Dell's first counter, which was followed by HP's second offer on Aug. 23.

Meanwhile, CEO David Scott, VP of Marketing Craig Nunes and the rest of the 3PAR clan are enjoying their good timing and fortune, waiting to see which superpower wins out. |

Submit a Comment

Loading Comments...
Manage your Newsletters: Login   Register My Newsletters

Rocket Fuel