A month after his ouster as Hewlett-Packard CEO, Mark Hurd has a new job–president of Oracle. Rather co-president of Oracle with Safra Catz.
Here’s one you had to see coming.
Our national nightmare is over. Dell has given up its bid for 3Par, declining to match or exceed Hewlett-Packard’s latest $33/share (that’s–gulp– $2.1 billion) cash bid.
Word on the street is that 3Par is ready to be embraced by Hewlett-Packard. As the epic HP-vs-Dell bidding war stands, Dell has till today to counter HP’s latest $30 per share bid for the cloud storage company.
Been running so fast since I attended the CompTIA Breakaway conference earlier this month that I haven’t had time to report on my conversation with the executive director of the organization’s Educational Foundation, Charles Eaton. He has only been in his role for a few months, but already Eaton is pushing hard on CompTIA members to do their part in helping at-risk youth, disable individuals, displaced workers and military personnel/families prepare for high-tech careers.
3Par said it has accepted Dell’s $1.8 billion dollar buyout offer.
This is getting tiresome.
HP just bid $27 per share counter offer for 3Par. This $1.8 billion offer counters Dell’s $24.50 counteroffer to HP’s earlier counteroffer to Dell’s original $18 offer to buy 3Par and its data storage expertise.
Little did we know early this month that 3Par was such a big deal.
There are so many questions about what Oracle is doing with its new Sun franchise, it’s hard to suss out the top few, but here’s a try.
1: What’s really going on with Sparc? While John Fowler promised continued innovation around the Sparc architecture, there is still precious little in the way of details. It’s probably because Oracle and Fujitsu, which is responsible for the production of Sparc64 chips used in Oracle’s M series servers, are still talking things out. Continued »
Today it’s Dell offering mo’ money for 3Par.
Dell sweetened its previous $18 per share bid to $24.50 and helpfully posted to its Web site that 3Par has accepted that offer.
Earlier this week, HP tried to preempt Dell’s original offer with its own $18 per share cash bid.
What isn’t immediately clear is if this bidding war has played out. 3Par’s investor relations page has no posting as to the latest offer. Cisco is reportedly making a big announcement next week–maybe it’ll throw its hat into the 3Par fray. Kidding. Kinda.
One of Hewlett-Packard’s stated goals for its proposed $1.6 billion buyout of 3Par is to broaden and deepen distribution of 3Par’s storage technologies.