The Barbarians are at the 3PAR Gate

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Hewlett-Packard (“HP”) and Dell are engaged in battle over the acquisition of 3PAR. 3PAR is a small storage company that has innovative technology to handle the amounts of documents, photos, and videos being uploaded to the Internet every day. Just how important is this storage company HP and Dell’s cloud business? Thomson Reuters estimate that 3PAR’s revenue for this fiscal year is $240 million and HP recently topped Dell’s offer by offering $1.6 billion for the company. HP’s offer is seven times larger than 3PAR’s revenue and 33% more than Dell’s offer. Many analysts believe that Dell will raise its offer for 3PAR, as Dell is hoping to use the acquisition to strengthen its enterprise data-storage offerings.

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