HP Makes Rival Bid for 3Par

Dell, which made an $18-per-share tender offer for Fremont, CA-based storage virtualization company 3Par (NASDAQ: [[ticker:PAR]]) last week, now has a competitor. Palo  Alto, CA-based Hewlett-Packard announced today that it will offer $24 per share or roughly $1.6 billion, which is about $450 million more than Dell’s offer. HP executive vice president David Donatelli told the San Jose Mercury News that 3Par’s technology would bolster HP’s strategy to offer a “converged infrastructure” for corporate data centers. The news carried 3Par’s stock as high as $25.83 this morning, up more than 40 percent over Friday’s close.

Author: Wade Roush

Between 2007 and 2014, I was a staff editor for Xconomy in Boston and San Francisco. Since 2008 I've been writing a weekly opinion/review column called VOX: The Voice of Xperience. (From 2008 to 2013 the column was known as World Wide Wade.) I've been writing about science and technology professionally since 1994. Before joining Xconomy in 2007, I was a staff member at MIT’s Technology Review from 2001 to 2006, serving as senior editor, San Francisco bureau chief, and executive editor of TechnologyReview.com. Before that, I was the Boston bureau reporter for Science, managing editor of supercomputing publications at NASA Ames Research Center, and Web editor at e-book pioneer NuvoMedia. I have a B.A. in the history of science from Harvard College and a PhD in the history and social study of science and technology from MIT. I've published articles in Science, Technology Review, IEEE Spectrum, Encyclopaedia Brittanica, Technology and Culture, Alaska Airlines Magazine, and World Business, and I've been a guest of NPR, CNN, CNBC, NECN, WGBH and the PBS NewsHour. I'm a frequent conference participant and enjoy opportunities to moderate panel discussions and on-stage chats. My personal site: waderoush.com My social media coordinates: Twitter: @wroush Facebook: facebook.com/wade.roush LinkedIn: linkedin.com/in/waderoush Google+ : google.com/+WadeRoush YouTube: youtube.com/wroush1967 Flickr: flickr.com/photos/wroush/ Pinterest: pinterest.com/waderoush/