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.


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 »

Nobody was excited about paying top dollar for a movie about WikiLeaks. A film about the origins of Pets.com would have done better.

— Gitesh Pandya of BoxOfficeGuru.com comments on the dreadful opening weekend box office numbers for “The Fifth Estate.”