John Paczkowski

Recent Posts by John Paczkowski

Dell Has Three Days to Top HP’s 3Par Bid

Dell’s been given a deadline to top Hewlett-Packard’s $1.6 billion offer for 3Par, the storage vendor it announced plans to acquire last week. In a Monday filing with the Securities and Exchange Commission, 3Par said it’s holding talks with HP to determine whether its unsolicited buyout proposal is superior to Dell’s, adding that it’s “reasonably likely” that it is.

If that’s the final determination, Dell (DELL) will have three days to sweeten its offer, or 3Par (PAR) will begin merger negotiations with Hewlett-Packard (HPQ).

In its filing, 3Par stresses that its board of directors has not yet made any determinations with respect to HP’s acquisition proposal and continues to unanimously recommend that its stockholders accept Dell’s offer, but its mandate to the company is clear: Raise the stakes or cede the battle.

Dell hasn’t yet commented on the filing, but it’s said to be drawing up a better offer for 3Par, though some question whether it is capable of mounting a new bid large enough to knock HP out of the running.

[Image credit: icanhascheezburger]

Twitter’s Tanking

December 30, 2013 at 6:49 am PT

2013 Was a Good Year for Chromebooks

December 29, 2013 at 2:12 pm PT

BlackBerry Pulls Latest Twitter for BB10 Update

December 29, 2013 at 5:58 am PT

Apple CEO Tim Cook Made $4.25 Million This Year

December 28, 2013 at 12:05 pm PT

Latest Video

View all videos »

Search »

Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work