Summary Box: Dell planning a second offer for 3Par, source says likely to top HP’s bid
By APWednesday, August 25, 2010
Summary Box: Source says Dell to make new 3Par bid
YOUR MOVE: Dell, outbid by Hewlett-Packard on Monday, is planning a second offer for data storage maker 3Par, according to a person familiar with the situation.
BACKSTORY: Dell offered $1.13 billion for 3Par on Aug. 16. Dell’s offer is likely to be more than the $1.5 billion HP offered, the person said.
WHY IT MATTERS: Both companies are beefing up “cloud computing” operations — running massive data centers to deliver software and services over the Internet. 3Par’s storage systems are designed to offer more or less space on the fly, ideal for cloud systems.
YOUR VIEW POINT
