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HP makes $1.5B bid for 3Par, topping Dell’s offer

HP makes $1.5B bid for 3Par, topping Dell’s offer

http://www.otradny.org/?dissertation-qualitative-hiv-aids Dissertation Qualitative Hiv Aids Hewlett-Packard Co. is bidding $1.5 billion for data storage provider 3Par Inc., just a week after rival Dell Inc. agreed to acquire the company for $1.13 billion.

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HP and Dell have been looking to expand beyond personal computers over the past few years in a search for bigger profits.

In 3Par they are bidding for a company that provides software for organizing data on corporate servers. The company, which is based in Fremont, Calif., offers its products on a subscription basis over the Web, an approach known as “cloud computing.”

Help With Homework On Julius Ceaser HP, based in Palo Alto, Calif., said Monday it will pay $24 per share for the company, a 33 percent premium over Dell’s bid of $18 per share.

Shares of 3Par rose $6.66, or 37 percent, to $24.70 in premarket trading.

Read More/Source: Google

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