Channel Marker

Sep 2 2010   4:30PM GMT

By ‘winning’ 3Par, does HP lose the game?

badarrow Barbara Darrow Profile: badarrow

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.

For anyone who can remember back that far, Dell’ s initial offer two weeks ago was $18/share or $1.2 billion. Two billion clams: Not bad for a company that has yet to turn a profit.

It will be interesting to see how well (or badly) HP does integrating this latest storage into its already interesting and varied storage lineup.

Dell gets $72 million from 3Par for its trouble.

There’s a lot of talk that HP’s bid is not at all the sort of “disciplined” acquisition the company claimed it will pursue. Many are saying that this is a pyrrhic victory for HP. My storage expert –that would be you Beth–say Dell is a much better fit for 3Par. Dell did a great job integrating EqualLogic while HP has done a much-less-great job with its myriad acquisitions over the past few years.

We’ll see.

Check out more IT channel news on and follow us on Twitter!

 Comment on this Post

There was an error processing your information. Please try again later.
Thanks. We'll let you know when a new response is added.
Send me notifications when other members comment.

Forgot Password

No problem! Submit your e-mail address below. We'll send you an e-mail containing your password.

Your password has been sent to:

Share this item with your network: