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  • 3PAR Finds HP's Offer Superior

    Bidding war between Dell and HP ends with HP acquiring the suddenly hot storage company. The board of directors notified Dell that the HP offer met criteria as a "superior proposal" to Dell's $27 per share bid, as defined in 3PAR's previous merger agreement with Dell. The board voted to immediately terminate the deal with Dell and enter into an agreement with HP, according to a 3PAR statement.

  • Intel Lowers Q3 Revenue Forecast

    The company is now projecting revenue for the quarter to be US$11 billion, plus or minus $200 million, the company said in a statement. The company previously projected third-quarter revenue between $11.2 billion and $12 billion.

  • ArcSight Up For Sale At $1.5 Billion

    The Wall Street Journal names HP, EMC, Oracle and CA as possible bidders, although that is pure speculation. There are only a handful of companies that could come close to meeting the price tag. Security companies are suddenly popular buys, possibly because they appear relatively cheap to larger companies gripped by the belief that security is one set of technologies that enterprise vendors can no longer afford to be without.

  • HP Ups 3PAR Bid To $30 Per Share, Tops Dell's Latest

    The war for the storage vendor continues unabated.Both HP and Dell see 3PAR's products as a key asset for building cloud computing environments. The competition for 3PAR has been intense since Dell's initial offer of $1.15 billion on Aug. 16. Analysts have chalked this up to the fact that there are few alternative, comparable acquisition targets.

  • HP Acquires Automation Vendor Stratavia

    HP acquires the database and application automation software makers for an undisclosed amount. The company says Stratavia’s technologies will help enterprise customers to simplify the deployment and management of applications in hybrid IT environments, including physical, virtual and cloud environments.

  • Intel Eyed McAfee, Symantec For Years: Ex Intel VP

    Intel had looked at security and security deals for a long time with the basic thesis of securing the base platform, hence, the chip maker long considered McAfee or Symantec acquisitions to leverage CPUs in security, says former Intel senior vice president Pat Gelsinger.

  • HP Raises 3PAR Offer To $27 Per Share, Outbids Dell Again

    The price tag is now $1.8 billion and the ball is back in Dell's court. Dell says that it will take some time, assess the situation and act in the best interests of its customers and shareholders. “We'll make a comment regarding our next step at an appropriate time,” says Dell.

  • Cloud Can Deliver More Efficient E-Government In APAC

    Most public sector agencies are widely dispersed operational silos and are challenged with varying policy and operational restrictions. It is a need for them to urgently coordinate and integrate the various e-government functions, says IDC.

  • Cloud Services: From On-Premise To On-Demand

    Over 4.2M US SMBs interested in adopting SaaS, roughly 750,000 (12%) small businesses and 20,000 (24%) medium businesses already using SaaS, says AMI.

  • Dell Signs Amendment With 3PAR To Fight Back HP Acquirement

    Dell and HP, both have sent olive branch to 3PAR, the innovative storage supplier. And HP’s proposal to acquire all of the outstanding shares of 3PAR for $24.00 per share in cash, which represents a 33.3% premium above the price proposed by Dell.