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08-26-2010, 04:58 PM #1
HP raises offer for 3Par to $1.69BILLION
HP raises offer for 3Par, trumping Dell's
Updated 1m ago
By Jessica Mintz, AP Technology Writer
SEATTLE — Hewlett-Packard is raising its offer for data-storage maker 3Par to about $1.69 billion.
That tops rival Dell Inc.'s offer Thursday morning of $1.52 billion.
Dell made its first offer for 3Par Inc. on Aug. 16. Hewlett-Packard Co. countered on Monday.
Both companies are interested in 3Par as a way to save money as they bulk up data center operations, which help them deliver software and services to customers over the Internet.
Dell's agreement with 3Par gives Dell time to match competing offers such as the latest from HP.
Dell declined to comment on the new bid.
THIS IS A BREAKING NEWS UPDATE. Check back soon for further information. AP's earlier story is below.
PALO ALTO, Calif. (AP) — Hewlett-Packard is raising its offer for data-storage maker 3Par to about $1.69 billion.
That tops rival Dell Inc.'s offer Thursday morning of $1.52 billion.
Dell made its first offer for 3Par Inc. on Aug. 16. Hewlett-Packard Co. countered on Monday.
Both companies are interested in 3Par as a way to save money as they bulk up data center operations, which help them deliver software and services to customers over the Internet.
Dell's agreement with 3Par gives Dell time to match competing offers such as the latest from HP.
http://www.usatoday.com/money/industrie ... r-hp_N.htmNO AMNESTY
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