HP, Dell in 3Par Bidding War

It’s almost like watching the bids on eBay. Dell (NASDAQ: [[ticker:DELL]]) in Round Rock, TX, and Palo Alto, CA-based Hewlett Packard (NYSE: [[ticker:HPQ]]) continue to issue dueling takeover offers for Fremont, CA-based 3Par (NYSE: [[ticker:PAR]]), whose storage virtualization technology is a hot commodity. Dell originally offered $18 per share or $1.15 billion in mid-August, and HP significantly upped the ante with a $24-per-share or $1.6 billion bid on August 23. Dell issued a matching offer yesterday, whereupon HP bid $27 per share ($1.8 billion). That prompted another matching offer from Dell this morning. HP’s latest move: a $30-per-share bid amounting to $2 billion.

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/