John Paczkowski

Recent Posts by John Paczkowski

After Harried Sofa-Cushion Search, Dell Outbids HP for 3Par

Looks like Dell has managed to fend off Hewlett-Packard in the battle for 3Par–for the time being.

This morning Dell (DELL) raised its bid for the data-storage vendor to $1.6 billion, topping the one Hewlett-Packard’s (HPQ) announced on Monday. Dell’s sweetened offer of $24.30 per share is 30 cents a share higher than HP’s and $6.30 a share higher than its first offer of $18 per share, or $1.15 billion. It’s also a 152 percent premium over 3Par’s (PAR) closing price of $9.65 the day before Dell’s offer became public.

In a statement, Dell said that the data-storage provider has accepted its latest offer and the revised deal is expected to close before year end.

Assuming HP doesn’t circle back with another offer. Ultimately, Dell’s latest bid is only 30 cents a share higher than HP’s. Given the cash on HP’s balance sheets–some $14.7 billion–a counter is certainly possible.

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December 30, 2013 at 6:49 am PT

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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

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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