Analysis: Dell expected to bow out of 3PAR bidding
(Reuters) - Dell Inc (DELL.O:) is widely expected to bow out of a bidding war with Hewlett-Packard Co (HPQ.N:) for data storage company 3PAR Inc (PAR.N:) because of the increased price tag. A survey of eight technology investors and analysts by Reuters on Monday found most expect Dell to soon give up its pursuit of 3PAR, either ceding to HP's last offer of $30 per share or giving up at a few dollars higher at most. Dell has until Wednesday to match HP's $2 billion offer for the company, which analysts say would help speed up its expansion from personal computers into more profitable enterprise technology services.
31 August 2010•3 mins read
