Tag: Storage
-
HP, 3PAR Acquisition Talks Begin After HP Tops Dell’s Offer
NEW YORK/SAN FRANCISCO, Aug 24 (Reuters) – 3PAR Inc (NYSE:PAR) said on Tuesday it will start merger talks with Hewlett-Packard Co (NYSE:HPQ) after HP’s $1.6 billion offer for the data storage company trumped a bid by its smaller rival Dell Inc (NASDAQ:DELL). 3PAR has determined that HP’s proposal was "reasonably likely" to lead to a… Read more
-
HP Counters Dell Offer for Data Storage Vendor 3PAR
NEW YORK Aug 23 (Reuters) – Hewlett-Packard Co (NYSE:HPQ) launched a $1.6 billion bid for data storage company 3PAR Inc (NYSE:PAR) on Monday, topping an offer by technology rival Dell Inc (NASDAQ:DELL). HP bid $24 a share for 3PAR, about 33 percent more than Dell planned to pay in a deal announced a week ago.… Read more
-
Dell to Acquire Virtualized Storage Specialist 3PAR
Dell has signed an agreement to acquire 3PAR, a provider of virtualized storage solutions with data management features, including dynamic tiering and thin provisioning, for multitenant cloud-computing environments. The transaction is valued at approximately $1.15 billion, net of 3PAR’s cash. The board of directors of each company approved terms of the acquisition, a company release… Read more
-
Symantec Quarter Sales Flat
SEATTLE, July 28 (Reuters) – Symantec Corp (NASDAQ:SYMC) warned that second-quarter sales and profit would likely miss Wall Street estimates as spending on data storage systems remains weak, sending its shares down 8.3 percent. The world’s No. 1 security software maker on Wednesday reported higher quarterly net profit, but saw flat sales and signaled a… Read more
-
Toshiba Compact SATA Drives Debut
Toshiba Storage Device Division, a provider of small-form-factor hard disk drives, announced a family of 7,200-rpm 2.5-inch SATA drives. The MKxx61GSY is targeted at high-end notebook PCs, gaming laptops and mobile workstations and is available in 160GB to 640GB capacities. Toshiba has started shipping the MKxx61GSY, with volume production scheduled in the third quarter of… Read more
-
Isilon Quarter Profit Jumps
July 22 (Reuters) – Isilon Systems Inc (NASDAQ:ISLN) posted a quarterly profit that was double Wall Street expectations and raised its full-year revenue growth view, sending shares of the data storage firm to a three-year high. For the second quarter, the company posted net income of $2 million, or 3 cents a share, compared with… Read more