By BEN WORTHEN Via The Wall Street Journal As technology giants rush to add products and services for the fast-growing part of the industry known as cloud computing, VMware Inc.—a Silicon Valley company that helped usher in the mania—is readying a new push of its own. Cloud computing is an industry term for information that is stored remotely on equipment operated by outside specialists and accessed via the Internet. At its annual conference this week, VMware on Tuesday will unveil technology aimed at both making it easier for businesses to move information into the cloud and to run their own
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HP’s Bid Valued at Approximately $2 Billion FREMONT, CA–(Marketwire – August 27, 2010) – 3PAR® (NYSE: PAR), the leading global provider of utility storage, today announced its board of directors has determined that the unsolicited proposal by Hewlett-Packard Company to acquire all of 3PAR’s outstanding common stock at $30 per share constitutes a “superior proposal” (as that term is defined in 3PAR’s previously announced merger agreement with Dell). The 3PAR board of directors notified Dell of its intention to terminate the merger agreement with Dell, immediately following the expiration of the three business day period contemplated by, and the satisfaction
Revised Transaction Valued at Approximately $1.8 Billion FREMONT, CA–(Marketwire – August 27, 2010) – 3PAR® (NYSE: PAR), the leading global provider of utility storage, today announced it has accepted a matching offer to be acquired by Dell for a price of $27 per share, or approximately $1.8 billion, net of 3PAR’s cash. Accordingly, 3PAR and Dell have signed a second amendment to their previously announced merger agreement reflecting the new offer price, and maintaining the termination fee unchanged at $72 million, which is payable in the event that 3PAR receives and accepts another unsolicited acquisition proposal that its board determines
By Associated Press SEATTLE — Hewlett-Packard Co. has again raised its bid for 3Par Inc. above an offer from rival Dell Inc., suggesting that the little-known data-storage maker could be worth more with one of the PC companies’ marketing muscle behind it. The latest offer from HP for $27 per share in cash, or about $1.69 billion, is nearly three times what 3Par had been trading at before Dell made the first bid last week. Earlier on Thursday, Dell said 3Par had accepted its second offer of $24.30 per share in cash, or $1.52 billion. Dell made its first offer,
Announces Private Cloud Readiness Program, Cloud Boot Camp and Cloud Advisor team PALO ALTO, Calif., Aug. 25, 2010 HP today unveiled a Private Cloud Readiness Program consisting of self-assessment tools and a Cloud Boot Camp to be held during the VMworld conference next week at San Francisco’s Moscone Center. The company also announced a team of experts who, as pioneers in cloud computing, are driving future innovations and assisting clients with advanced cloud deployments. Get ready to assess, plan, deploy HP has designed a private cloud scorecard that enables companies to rate and rank key factors that help determine their
Reuters| Mon Aug 23, 2010 NEW YORK: Hewlett-Packard Co launched a $1.6 billion bid for data storage company 3PAR Inc on Monday, topping an offer by technology rival Dell Inc. HP bid $24 a share for 3PAR, about 33 percent more than Dell planned to pay in a deal announced a week ago. At the time, Dell’s bid for 3PAR, which makes storage products that use virtualization technology to allow companies to boost efficiency, marked an 87 percent premium to its share price. Representatives from 3PAR and Dell were not immediately available for comment on the HP move. HP, faced
Intel announced today that it will acquire McAfee, maker of anti-virus and other security software, for $7.68 billion in cash, or $48 per share. The per share price is 60 percent more than McAfee’s $29.93 closing price on Wednesday. McAfee shares jumped 58 percent after the deal was made public to $47.42 in pre-market trading, while Intel shares dipped 2.5 percent to $19.11, the AP reports. The boards of both companies have unanimously approved the deal, but it’s still pending McAfee shareholder and regulatory approval. Intel said the deal “reflects that security is now a fundamental component of online computing.”
